Economy
Originally published on Mon August 8, 2011 8:23 am
Transcript
RENEE MONTAGNE, host:
Let's stay now with the economic fallout from the downgrade of the U.S. credit rating as well as troubled economies in Europe. That's caused markets in Asia to plunge today. NPR's Anthony Kuhn joins us from Jakarta, Indonesia to talk about all of this. And Anthony, how bad is the carnage on those Asian markets?
ANTHONY KUHN: Well, stock markets in the region are down about two to five percent, which means billions of value were wiped off of them. That's on top of last week, which saw the biggest rout in Asian stock since 2008.
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