Sunday, May 6, 2012

Asian shares fall after French election results

Investor looking at share price board

Asian markets have dropped on fresh fears about the eurozone debt crisis after Francois Hollande won the French presidential election.

Mr Hollande has said that he wants a new emphasis on growth and less on austerity in eurozone spending plans.

Japan's Nikkei 225 index fell 2.8%, South Korea's Kospi shed 1.5% and Australia's ASX 200 dropped 1.14%.

The euro also fell to a three-month low against the US dollar.



Source & Image : BBC

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