Asian stock markets Nikkei down feb 7 2012

Asian stock markets down february 7 2012 : Asian stock markets fell Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.

Japan's Nikkei 225 fell 0.4 percent to 8,891.37. South Korea's Kospi rose marginally to 1,973.63 and Hong Kong's Hang Seng was 0.2 percent lower at 20,677.11. Benchmarks in Singapore and Malaysia rose while Indonesia and mainland China fell.

Greek political leaders have been haggling over the details of a cost-cutting package required for the country to get more urgently needed loans from international lenders. Some euro130 billion ($170 billion) in bailout money is on the line.

Without an injection of emergency money, Greece will likely default on its bond repayments on March 20 - an event that could shake European banks and other private lenders with Greek debt on their books. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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