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Asia stocks down as anti-austerity party wins Greek election
Asian stocks are weaker after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the euro currency bloc could unravel
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Asian stocks are weaker after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the euro currency bloc could unravel.
Japan's Nikkei 225 dropped 0.5 percent to 17,419.16 on Monday. South Korea's Kospi edged down 0.1 percent to 1,934.49. Hong Kong's Hang Seng was down 0.1 percent to 24,825.09. Stocks in mainland China and Southeast Asia also fell. The euro fell 0.4 percent against the dollar.
Alexis Tsipras, the leader of the left-wing Syriza party, promised to end "humiliation and pain" that Greece has endured since a 2010 international bailout imposed harsh austerity. The nearly completed vote count shows his party close to an outright majority.
Mizuho Bank said the election results spurred doubts about whether the international bailout for Greece could be extended. (***)
