Tuesday, July 10, 2007

Asia stocks tumble, dollar at lows on s

(Reuters) - Global markets were rattled on Tuesday after two leading rating agencies started to slash ratings for more than $17.3 billion of U.S. mortgage-related debt, raising concerns that the sector's woes are worse than previously thought.




Tokyo's Nikkei dropped more than 1 percent by the market's midday break on Wednesday, retreating further from a seven-year closing high reached on Monday.


Read more at Reuters.com Hot Stocks News

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