KUALA LUMPUR: Asian markets continued to bleed red ink with most major bourses closing in negative territory on Tuesday as the outlook on growth remain troubled with the United States and euro-zone sovereign debt crises remaining unresolved.
World Bank president Robert Zoellick told Bloomberg in an interview today that risks to the global economy was intensifying with the euro-zone's outlook dependent on right decisions being taken by policymakers. “We're moving into a dangerous period,” he said, adding that the 17-member currency union was facing a particularly sensitive time.