The Chinese authorities, which own $2trn of US debt, and the Russians, with billions of dollars invested, both reacted furiously to the news, warning the administration that it must put its economy in order fast.
Today, President Kim Dae Jung sought to lower the expectations surrounding the summit news, warning at a cabinet meeting, "The national issues, which have been divisive for a half-century, cannot be resolved overnight".
In English, it sounds official and patriotic — reminiscent of Clint Eastwood's Super Bowl halftime ad for Chrysler earlier this year — but in Spanish the effect is vaguely threatening: a bit about replacing Obamacare sounds like a late-night news warning about the perils of the law, and the term itself is so harshly enunciated that it sounds like a dirty word.
Citic Pacific was the headline news, warning that its foreign exchange losses could reach $2 billion; its shares fell drastically, by 55.1%, to 6.52 Hong Kong dollars (84 cents).
There's a clear irony in what amounts to fake news warning viewers of itself, but the concerns of these Senators are more straightforward.
This is just the latest in a steady flow of news warning us that antibiotics are becoming increasingly ineffective against deadly bacteria.
Many times a day, breaking news, alerts, warnings are pushed on mobile.
The news incited warnings that the dystopian future where free speech is banned predicted by Orwell in Nineteen Eighty-Four had arrived.
C1 Jitters Spread to Bond Market The Dow Jones dropped 2.9percentt and the Nasdaq fell 1.3percentt as negative earnings news and warnings of a weak third quarter caused investor nervousness.
