Another recession: Are you worried?
By siliconindia   |   Tuesday, 09 August 2011, 02:22 IST   |    52 Comments
Printer Print Email Email
Asia
Despite the assurance from S&P that the U.S. credit rating is unlikely to have any immediate impact on Asia-Pacific sovereign ratings; the Asian markets nose-dived on Monday. Likewise, amid repeated assurance from the Finance Minister Pranab Mukherjee that the U.S. credit downgrade will not hit India, the shares fell more than 3 percent on Monday trading, the lowest level in more than a year. South Korean stock market plunged more than 7 percent initially and later recovered partially to close down at 3.8 percent while Tokyo and Hong Kong lost more than 2 percent. China is the largest foreign holder of U.S. Treasuries which is about $1.2 trillion and this make the communist nation highly vulnerable to U.S. fiscal policy.

Digital Supply Chain Transformation – Winning the AI/ML Way