Regional Asian equity markets are down for today. Some are lowest for the month.
Spain's credit rating downgrade by S&P (details here)is said to be the driving factor. After recent IMF warnings, (details here & here)investors were just looking for igniter and looks like S&P provided that.
Spain's credit rating downgrade by S&P (details here)is said to be the driving factor. After recent IMF warnings, (details here & here)investors were just looking for igniter and looks like S&P provided that.
Recent growth forecast cut by Aloca (details here) and concerns on China's slowdown are also contributing from past 2 days.
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