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Asian markets slump on global debt fears

Asian stocks have slumped on Monday, extending one of the worst sell-offs in recent years, after Standard and Poor's cut the US's triple-A credit rating.

The US downgrade came after a turbulent week for world markets and amid growing fears about debt within the Eurozone.

The BBC's Martin Patience in Shanghai said that concerns about both the US and Europe were making investors in Asia nervous.

  • 08 Aug 2011
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