Asian Markets Slump Over Euro Zone Austerity Reversal Fear
( 02:09 )
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Asian markets reacted to the Greek and French election results with a massive sell off of riskier assets. Investors are spooked by the possibility austerity programmes, seen as vital to fixing Europe's debt crisis, would be rolled back. Asia Pacific markets shed over two percent, with blue chip exporters and banks dragging Japan's Nikkei 225 to a 3-month low. Hong Kong's Hang Seng shed all of last weeks gains as financials and energy stocks nose-dived.

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