(Reuters) - SINGAPORE - Asian stocks tumbled on Wednesday and the dollar plumbed a record low against the euro as investors fretted that growing problems in the U.S. subprime mortgage sector will spread to the wider economy.
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.
Read more at Reuters.com Business News
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.
Read more at Reuters.com Business News
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