Asian markets down following Spain's rating downgrade

Weak US retail sales data also weighed on risk sentiment.

RBS reported (for 14 June 2012 trading - noon):

Most Asian bourses were down this morning as Spain's rating downgrade and weak US retail sales data weighed on risk sentiment. By noon, Philippines stock exchange was the worst performer, down 1%. Indonesia and Hong Kong were not far behind, down 0.7% and 0.6% respectively. Taiwan and Korea stock exchanges recovered after opening lower. Both were marginally positive at press time. Markets in rest of the region were slightly lower.

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