Asian Markets Down, European Markets Steadier After U.S. Downgrade

Global markets showed mixed results after the announcement by Standard and Poor's of a U.S. credit rating downgrade, with Asia's markets slipping while some markets across Europe rallied upon opening. Tokyo's Nikkei opened the day down 1.4 percent and held steady in morning trading on news that G7 nations had pledged to take measures to support financial stability and growth. "We are committed to taking coordinated action where needed, to ensuring liquidity, and to supporting financial market...Full Story
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