ING Down on Europe Worries and Reported Plans to Sell Asia Operations

ING Groep

is trading lower on the session after the Reuters reports that the company has hired Goldman to advise it on a sale of its Asia operations. Additionally, the concerns of ING's exposure to the European debt further add pressure on the stock, as the reports came out this morning suggesting that S&P will downgrade one or more European countries. The Dutch insurer was bailed in 2009. ING is currently trading at $7.68, a loss of $0.31 or 3.88%.