Asia racks up losses as debt fears weigh By: MarketWatch July 27, 2011 at 21:13 PM EDT Asia markets trade with sharp losses, as the Aug. 2 deadline to raise the U.S. debt ceiling draws closer with little sign of agreement among Washington lawmakers. Read More >> Related Stocks: Advantest Corp Honda Motor Company ADR Nissan Motors ADR Sony Corp Wesfarmers Ltd Westpac Banking Corp Ltd