THE TELEGRAPH: Asian stock markets tumbled and the euro slid to a four-year low against the dollar on Monday as fresh worries over debt woes in Europe dampened sentiment across the region.
Japan's benchmark Nikkei 225 stock average dropped 2pc, Hong Kong's Hang Seng index lost 2.5pc and the Shanghai Composite 3.4pc. In South Korea, the Kospi slid 2.8pc and Australia's S&P/ASX 200 index was down 2.8pc.
Asian investors' mood turned downbeat on growing concerns that cost-cutting fiscal measures being taken by Greece, Portugal and Spain could hamper a recovery in the eurozone economy.
The euro fell as low as $1.2235 against the dollar and the pound weakened further, hitting $1.4252 at one stage against the US currency. >>> Angela Monaghan | Monday, May 17, 2010
