Asian stocks dropped on Greek woes

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Source: BBC
Asian shares declined as Greece's political uncertainty dampened risk sentiment among investors. Japan's Nikkei 225 Index lost 1.2% whereas South Korea's Kospi declined by 1.4%. Meanwhile, Greece's leaders meet on Tuesday in an attempt to form strong coalition. Experts claim that in case Greece does not repay its debts, the country is likely to leave the Euro Zone that will impact the whole economy of the region.


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Tue, 15 May 2012 07:24:23 GMT

Crude oil declined amid Greece's uncertainty

Crude oil prices tumbled during Asian trade on Tuesday, approaching five-month low as worries that Greece may exit the single currency union increased concerns about weaker demand for energy. Light, sweet crude oil futures for June delivery traded at 94.28 US Dollars per barrel on the New York Mercantile Exchange, falling by 0.53% from the last session's high of 94.36

Tue, 15 May 2012 06:44:23 GMT

Gold is sliding on Euro Zone's political instability

Gold futures dropped in Asian hours on Tuesday as political instability in Greece continued to lend support for the US Dollar. COMEX gold for delivery in June traded at 1,557.25 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.24%. Meanwhile, COMEX silver July contract attained 28.173 US Dollars per troy ounce, tumbling by 0.63%.

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