ASX set for weak opening
The ASX is set for a weak opening after European markets and Wall Street suffered sharp falls.
``The market is likely to open lower on Tuesday tracking weak Asian stocks after rating agency Moody`s cuts ratings, outlooks on nine European Union countries. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 11 points at the opening bell,`` said the broking house Motilal Oswal.