Asian markets fell to their lowest level on Monday amid Spain's debt crisis and raising eurozone concerns. With the borrowing costs hitting the danger levels that forced Ireland, Greece and Portugal to seek a bailout, investors were concerned that Spain, one of the eurozone's biggest economies, will also have to call for help. The Hong Kong benchmark Hang Seng plunged to two-month low led by nearly 5% fall in HSBC holding. The Shanghai Composite did perform better than its Hong Kong counterpart, but still had a lousy trading day.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,141.40 | -27.24 | -1.26 |
Hang Seng | 19,053.47 | -587.33 | -2.99 |
Jakarta Composite | 4,009.79 | -71.41 | -1.75 |
KLSE Composite | 1,636.17 | -6.83 | -0.42 |
Nikkei 225 | 8,508.32 | -161.55 | -1.86 |
Straits Times | 2,982.49 | -33.04 | -1.10 |
KOSPI Composite | 1,789.44 | -33.49 | -1.84 |
Taiwan Weighted | 7,028.73 | -135.95 | -1.90 |