Wed, 23 May 2012 08:11:52 GMT
Asian stocks declined on Greek turmoil
Asian stocks were sharply lower on Wednesday trading after former Greek PM, Lucas Papademos, reported that there is still a possibility that Greece will exit the single currency union. Adding to the negative mood of Asian shares, a World Bank reduced China's expansion forecast to 8.2% as compared to 8.4% previously expected. Hong Kong's Hang Seng Index lost 1.35% while