» 05/16/2012, 00.00
Fears over Greece and Chinese loans drag Asian markets down
Losses in Hong Kong (-2.7), Tokyo (0.8), Shanghai (-0.4), Seoul (-1.3). Influence of new elections in Greece and its possible pullout of euro zone, but also fears of a clampdown on loans by China.. Chinese banks, PetroChina and even gambling are in crisis.
13/02/2012 ASIA - GREECE
Stock markets gain in Asia, while Athens burns
The markets react well to the Greek parliament's decision to launch the new austerity measures: government jobs cut by 15 thousand, the minimum wage reduced by 20%; liberalization of labor laws, revising debt with the banks. The new measures required by the EU and IMF as a condition for new loans.
06/07/2015 ASIA – GREECE
Asian stock markets fall after Greek No vote and Shanghai’s share plunge
The Greek referendum hits Asia-Pacific financial markets. The greatest looser is mainland China where shares have been steadily declining for weeks. In view of the situation, Japan is ready to do its part. In Seoul, blue-chip shares drop by 2.5 per cent. Wall Street’s holiday on Friday for Independence Day adds to the uncertainties.
28/04/2010 ASIA - EU
Asian markets fall in wake of crisis in Greece
All markets down in Asia down 2-3%. The Greek government bonds described as "junk." Fears of a new crisis in the eurozone and worldwide.
Asian markets slide, fears over euro and U.S. unemployment
Falls in all stock markets following heavy losses in Europe yesterday. 50% likelihood that next year will see a recession in the U.S.. Fresh concerns over sovereign debt in Europe.
25/03/2013 ASIA - CYPRUS
Asian markets up after deal to save Cypriot economy
Tokyo +1.7, Hong Kong +0.7, Seoul +1.3. The bailout affects only two banks and imposes a tax on deposits over 100 thousand euro. For the International Monetary Fund, the percentage to be deducted on deposits should not be subjected to a vote in the Cypriot Parliament.
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