23 May '11, 4am

GLOBAL MARKETS-Debt worries hits euro, stocks; govt debt, gold gain

* Equipment makers lead losses in Japan, Nikkei falls 1.4 pct * Euro falls briefly to a record low versus Swiss franc * U.S. Treasury prices advance, build on Friday's gains * Shares outside Japan fall 1.74 pct HONG KONG, May 23 (Reuters) - Renewed worries in the euro-zone over the weekend pulled the euro down to a record low against the Swiss franc, weakened risky assets such as Asian stocks and boosted safe haven investments like U.S. government debt and gold on Monday. The euro came under renewed selling pressure after Fitch Ratings cut Greece's debt ratings by three notches on Friday, pushing the country deeper into junk, while rival Standard & Poor's cut its outlook for Italy to "negative" from "stable" on Saturday. [ID:nLDE74J1K7] The stream of bad news coming out of the euro zone and the resultant weakening in U.S. stocks on Friday also took its toll on Asian stocks...

Full article: http://sg.news.yahoo.com/global-markets-euro-weakens-debt...

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