1. Opening

    Asian Markets Fall

    NWK Caption: Robert Halver, capital market expert for Baader Bank, wipes his head after a television interview at the stock market in front of a DAX-Index display board in Frankfurt Main,†Germany, 05 August 2011. After a sell-off on Wall Street on the previous evening and steep decline of the Asian markets, the German stock market opened to initially panic selling, but it recovered a little during the course of the morning. Photo: FRANK†RUMPENHORST (Newscom TagID: dpaphotos426897) [Photo via Newscom] -- IPTC Caption:

    Frank Rumpenhorst / Newscom

    Ready for another wild day? Asian markets slumped in early trading Thursday after Wall Street closed 4.6 percent down and on fears of a looming European financial crisis. France became the new fear of investors, as rumors spread that the country would lose its AAA credit rating and many worried about the health of the European central banks. Japan’s Nikkei index rose 1.5 percent in early trading, but the benchmark MSCI Asia Pacific ex-Japan stocks index fell 1.2 percent. The euro was at $1.4175, largely unchanged by the rumors of a debt crisis. Gold climbed above $1,800 an ounce—a new record—part of an 11 percent increase this month.

    Read it at Reuters