World markets this morning...

Mon, 08 August 2011

10:44

Early this morning, stocks on key Asian exchanges dropped modestly on what is likely to be an eventful day in world markets, following Standard and Poor's downgrade of the US credit rating.

In early Tokyo trading, the Nikkei index fell 124 points, or 1.3%. South Korea's KOSPI index slipped 1.6%. In Australia, the All Ordinaries index lost 0.7%. The Shanghai composite started 0.8% lower.

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