HONG KONG: Asian stocks fell with the dollar Monday (May 19) after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.
The move dealt a blow to markets, which had enjoyed a healthy run-up last week after Washington and China hammered out a deal to temporarily slash tit-for-tat tariffs, dialling down the tensions in a painful trade war between the superpowers.
