Investing

Markets Crater in Asia, Open Off in Europe

Fears that new leaders in France and Greece will repudiate austerity and urge other nations in Europe to do so as well pushed Asian stocks deeply lower.

The Nikkei fell 2.78% to 9,119 as concerns about the value of the yen and euro exploded. The Hang Seng dropped 2.74% to 20,511.

At the open in Europe, the FTSE 100 was off 1.93% to 5,655. The DAX 30 fell 1.83% to 6,440. The CAC 40 in France was down 1.46% to 3,116.

France’s new President François Hollande has said he will reverse austerity measures across Europe in defiance of decisions made with the leadership of Angela Merkel of Germany.

Douglas A. McIntyre

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.