Monday, May 14, 2012

Asian Stock Market May 15 2012

Asian Stock Market May 15 2012 : Shares in Asia have fallen, taking their lead from Europe and the US, as political turmoil in Greece made investors seek less risky assets.

Japan's Nikkei 225 index was down 1.2%, while South Korea's Kospi was down 1.4%. The euro, which was down 0.7% late in New York to $1.2824, recovered slightly in early Asian trading to $1.2833.

Eurozone leaders meet in Brussels on Tuesday as Greece struggles to form a coalition government. The uncertainty in Europe sparked a tumble in global markets.

The US benchmark Dow Jones index closed down 1%. London's FTSE 100 share index and Germany's Dax fell 2%.

Bank shares were the most affected, particularly in Spain and France, as the future of the eurozone remains uncertain.

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