Asian equities extended slump on Monday on
investors' anxiety about US and European debt trouble. Shanghai Composite index
dropped 0.4%, while Hong Kong's Hang Seng Index traded down 0.4%. Korea's
Kospi gave up 1.3% whereas Japan's Nikkei Stock Average and Australia's
S&P/ASX 200 index declined 0.2% and 0.4% respectively. According to
analysts, enduring uncertainty in Europe is boosting investors' speculations on
worst-outcome scenarios.