Fitch's US Credit Downgrade Sends Global Markets Sliding
TL;DR
Global stock markets experienced a decline after Fitch downgraded the US credit rating, citing concerns over governance standards and the growing debt burden. Japan's Nikkei 225 and Hong Kong's Hang Seng indices both fell significantly, while European stocks also saw a decline. US stock futures slipped, but US Treasuries prices rose. Fitch highlighted the January 6th insurrection and repeated debt limit standoffs as significant concerns. China and Japan are the largest foreign investors in US government debt, but Goldman Sachs analysts believe there won't be forced selling due to the downgrade.
- Global markets slide after Fitch downgrades US debt CNN
- Fitch's credit downgrade should be wake up call for the U.S. government, says B. Riley's Art Hogan CNBC Television
- White House 'strongly disagrees' with US credit downgrade, blaming Republicans Washington Examiner
- Fitch downgrades US debt on debt ceiling drama and Jan. 6 insurrection CNN
- UK's FTSE 100 hits two-week low as surprise US credit rating cut sours mood Reuters UK
Want the full story? Read the original reporting
Read on CNN