Markets drop after US loses last triple-A credit rating
Taiwan
HONG KONG: Stocks fell with the dollar on Monday (May 19) after Moody's removed the United States' last gold standard sovereign bond rating , citing the growing debt pile that it warned could balloon further. The move dealt a blow to markets, which had enjoyed a healthy run-up last week after Washington and China hammered out a deal to temporarily slash tit-for-tat tariffs . After the rout sparked by Donald Trump's Liberation Day tariffs bazooka, investors have in recent weeks raced back to buy
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