Tokyo stocks open lower on debt impasse

[Omaha Steve]

Source: CNN

NEW YORK (CNNMoney) -- Stocks in Tokyo opened lower Monday, the first reaction in major Asian markets after congressional leaders and the Obama administration failed to reach agreement on a deal to raise the U.S. debt limit.

The Nikkei 225 was down 0.5% to 10,087 about 1 hour after the start of trading.

In Sydney, the Australian Stock Exchange's All Ordinaries index was down 0.7%.

Trading in Hong Kong and Shanghai begins at 9:30 p.m. ET.

Read more: http://money.cnn.com/2011/07/24/markets/debt_ceiling_market_reaction/

---

Stocks in Japan opened lower Monday as Asian markets reacted to the failure of U.S. leaders to reach a deal on the nation's debt limit.

[newfie11]

1. SO!

I don't give a shit anymore.

[gateley]

2. Heard Congresswoman Jan Schakowsky say this happened in 1997

(I think) and they were all playing their games and got too cute and they passed it just MINUTES late. Interest rates rose immediately, and even though they were able to get it "fixed" in a couple of days, the interest rates remained elevated.

This will affect us all, whether we're in the market or not. I do care and I'm enraged this is happening.

There are a bunch of children "representing" us in Washington.

[Fearless]

8. +1

[neoralme]

11. That will happen here too. It cracks me up that no one here

know how devastating this will be. If it stays longer than two weeks, Obama will be forced to leave the country.

[christx30]

14. It is rather amazing (and scary)

that these few people have so much power. That their actions (and inaction) can hurt millions of people without anyone picking up a gun. A single man walking off in a huff can put millions of people out of work. The whole blasted thing is a house of cards. It's almost funny, in a sick way.

[gateley]

3. They knew this would happen. I don't think they're ever going to

reach an agreement. This was pretty down to the wire today because of the Asian markets looming, and they still weren't able to get it done.

[harun]

4. Republican's may use this to Carter Obama.

[gateley]

5. Yep, that's what I'd expect them to do. The facts won't matter, the

talking points will. And they excel at those, we suck.

[TomClash]

6. Not exactly a huge drop

Dow futures are about where I expected.

So far, equity markets are yawning.

[unkachuck]

7. "Nikkei 225 was down 0.5% ...Australian Stock Exchange's All Ordinaries index was down 0.7%..."

....c'mon boys, can't you do better?....must I remind you that the US paper you're holding is near worthless?

[rug]

9. Cut benefits to our people now before the international capitalist markets collapse!

[cbdo2007]

10. Good....this is about the easiest trade anyone could ever make.

We know they're going to get past this next week so if everything goes down tomorrow it will be a great buying opportunity.

[buckrogers1965]

12. You democrats need to go on the offensive.

Get onto every talk show with one set of talking points. All of you having the same exact talking points to repeat. Stick to the script and hammer we republicans for this from now until election. You should have been doing this from the day Obama was elected until now. Oh well, your loss.

Did I mention having one, same set of talking points that you all repeat for a few days at a time? Until your message resonates with the public, then everyone switch to a unified new message all at the same time.

And you can even exaggerate the truth a bit, force the other side to make the corrections, for a change (too bad correcting the facts doesn't change anyone's opinion that was formed by the lie.)

Of course, I know you won't.

[CoffeeCat]

13. I know I should be more upset...

...but it's very hard to muster outrage and concern about a global financial system that I lost
faith in long ago--which is controlled by our political system, which I also lost faith in long ago.

This is their sleazy game.