Photo: Owen Benson on Flickr
Stock markets across Asia are pulling back slightly early in the trading session.Japan’s Nikkei is down 0.2%.
Korea’s Kospi is flat.
Australia’s S&P/ASX is down 0.3%.
Shortly after markets closed in the U.S., Moody’s issued downgrades across Europe. Specifically, it cut its ratings on Italy, Malta, Portugal, Slovakia, Slovenia, and Spain. It also issued negative outlooks for Austria, France, and UK who are all Aaa rated.