From MarketWatch: Asian stocks fell on Monday as concerns about a Greek default rose amid indications that Europe is losing patience with the country’s efforts to cut its debt pile.
Hong Kong’s Hang Seng Index HK:HSI -2.36% led the sell-off, falling 2.1%, while the Shanghai Composite Index CN:000001 -1.38% shed 1.4%.
Australia’s S&P/ASX 200 Index AU:XJO -1.69% fell 1.6%, and South Korea’s Kospi KR:0100 -0.89% declined 0.7%.
For the first time this week, European officials have formally begun to examine the possibility of joining to issue euro-zone bonds to address an ever-worsening financial crisis.
Japanese equity markets were closed Monday for a holiday.
“There’s a lack of clear direction in the regional markets. Most investors are just waiting for the Federal Open Market Committee meeting” on Wednesday, said DBS Vickers Hong Kong-based director Peter Lai.
Find out more at http://www.marketwatch.com/story/asia-stocks-start-week-with-losses-2011-09-18
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