S&P's drop pushes down Asian stocks

Source: Bloomberg
© Scanpix/AP
S&Ps biggest decrease in near two months time rattled many Asian stocks. The MSCI Asia Pacific Index to slide 1.1% by midday in Tokyo, just as Topix lost 1.1% as well from its peak close since mid-2008. In addition, the Australian S&P/ASX fell 1.2%; the Hong Kong's Hang Seng Index retreated by 0.5%, with this being its biggest loss since March. Finally, the South Korea's Kospi Index slipped 0.4%.

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