wall street closes in the red after a credit downgrade on some banks spooks investors. china gives up to release its latest inflation figures and there are concerns the economy could enter a deflationary cycle. hi there, welcome to asia business report with me, mariko oi. we start this morning on wall street, where all three main indices have closed in the red on tuesday. the sell off was basically sparked by the downgrading of several us banks by credit ratings agency moody s. the move has reignited fears about american banks and the country s economy. from new york, salisbury has more. also it was then read on tuesday, bank stocks leading the way. shares in goldman sachs fell
wall street closes in the red, after a credit downgrade on some banks spooks investors. china gears up to release its latest inflation figures and there are concerns the economy could enter a deflationary cycle. hello, and welcome to asia business report. i m mariko 0i. we start this morning on wall street where all three major indices have closed in the red on tuesday. all down by just over all down byjust over .5%. the sell off was sparked by the downgrading of several us banks by credit ratings agency moody s. the move has reignited fears about american banks and the economy. from new york, michelle fleury with more. wall street was seeing red on tuesday, bank stocks leading the way.
after three years, china drops bali tariffs against australia in the latest sign of warming tyres. plus is gearing up to be a big week on the economic data front. we will tell you what you can expect. welcome to asia business report with me, mariko oi. ourtop business report with me, mariko oi. our top story, business report with me, mariko oi. ourtop story, china business report with me, mariko oi. our top story, china and australia looking to be moving beyond trade spats because over the weekend, beijing ended tariffs on australian bali. they were implemented three years ago in a move that cut of almost $1 billion in annual trade. the bali decision