Asian stocks fell on European woes

© Scanpix/AP

Japan's Nikkei Stock Average and the Australian S&P/ASX 200 index dropped by 0.9%, South Korea's Kospi lost 0.2%. Hong Kong's Hang Seng Index decreased by 1% and the Shanghai Composite Index lost 0.9%. Experts claim the investors' sentiment was impacted by developments in the Eurozone and failure of the US supercommittee.