Mon, 07 Nov 2011 09:50:06 GMT
Asian equities decline after Greek Prime Minister steps down
Asian stocks experienced a drop on Monday. Both Australia's
S&P/ASX 200 index and Japan's Nikkei Stock Average fell by 0.5%, while South
Korea's Kospi declined 0.4%. China's Shanghai Composite lost 0.3%, whereas Hong
Kong's Hang and Seng traded down 0.2%. According to Tom Kaan, Louis Capital Markets manager of equity trading, Asian investors are concerned
with ongoing events in Europe as Greek PM agreed to resign.