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Asian shares slip on Italy downgrade, Europe woes

Asian markets continue their losses, the eurozone debt crisis deepened, standard &poor's, a rating agency company announced the sovereignty of the Italian debt reduction.
It has a weak euro further depressive, Tokyo on Tuesday in the stockmarket exporters of sales, send the brunt.
It has also increased attention to its debt default, Athens, Greece and European leaders will solve the country's financial crisis, analysts said, may infect other economic little progress.
"Standard &poor's relegation itself is not a surprise, but there is concern that the Greek sovereign debt crisis would spread to Italy and Spain," bo a west bank, sumitomo mitsui, general manager of the securities said.
Breakthrough, Tokyo, this is for a public holiday, in closed on Monday, down 1.40%.
Sydney was down 1.07%, while Hong Kong, fell 0.17% in Seoul, fell 0.11%, Shanghai is 0.10%, and the closed.
Area shortly after the stock market opened, standard &poor's said it Italy's debt downgraded to "A/A-1", from "A + / A-1 +", reason is the euro zone's third largest economy economic, financial and political weakness.
It said the ruling coalition, the weakness of the will "limit the government's ability to make decisions" events.
Standard &poor's said in a statement: "we believe that," the Italian economic activity of the pace, reduce the government revised financial goals difficult to achieve.
"Period, in the European photos, is not to get any better, they can be mended they hope to Greece, but the problem is to stick to in any way," the senior traders in Auckland Stuart eve HiFX told dow Jones news agency.
"If you don't stand in Greece, Portugal and Ireland will insist on, Italy and Spain," eve said.
Greek finance minister WeiNi ze Ross's is due to Tuesday to continue with the international monetary fund and the European central bank, the European Union negotiations reached a deal, will see Athens next aid received part.
The euro fell in early trading in Asia, buy $1.3604, $1.3679 in New York on Monday, and end dish fell to 104.89 yen from 104.10 yen.
The decline of the dollar to 76.53 yen from 76.59 yen.
New York's major contract, light in October of the light weight delivery WTI crude oil futures prices, rising to the oil market 33 cents, to Asia early dish in trading at $86.03 a barrel, and November delivery of the north sea brent crude oil prices rose 69 cents a barrel, to $109.83.
Gold extraction every ounce of 1780.90 dollars, from 0245 GMT, and the level of $.15 from 1819, 1000 GMT on Monday, down.




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