Skip to main content  Asian stocks dip after U.S. credit
downgrade  By the CNN Wire Staff Click to play Asian markets dip
after downgrade   • Losses are modest in Tokyo, Seoul, Sydney
and Shanghai   • Investors are weighing both the downgrade and
the European debt crisis   • G7 leaders say they are committed
to taking "all necessary measures"   • U.S. stock futures tumble
around 1.7% in early electronic trading  (CNN) -- Stocks on key
Asian exchanges dropped modestly early Monday on what is likely
to be an eventful day in world markets, following Standard and
Poor's downgrade of the U.S. credit rating.  In early Tokyo
trading, the Nikkei index fell 124 points, or 1.3%.  South
Korea's KOSPI index slipped 1.6%. In Australia, the All
Ordinaries index lost 0.7%. The Shanghai composite started 0.8%
lower.  Hong Kong's Hang Seng index tumbled 2.6% at the open.
European stocks slide after strong start Nikkei ends the day
down Markets react to ratings cuts in the U.S. Zakaria and
guests discuss economy  Similarly, U