Winter Woman
Well-Known Member
[h=1]Asian shares fall after French election results[/h]
Investors have been concerned that a roll back of austerity measures may escalate the debt crisis
Continue reading the main story [h=2]Related Stories[/h]
Asian markets have dipped on fears that the eurozone may have to rein in austerity measures that some see as key to solving the region's debt crisis.
It follows the election of Francois Hollande, who has declared he wants more emphasis on growth rather than austerity, as French president.
Japan's Nikkei 225 index fell 2.3%, South Korea's Kospi shed 1.5% and Australia's ASX 200 dropped 1.3%.
The euro also fell to a three-month low against the US dollar in Asian trade.
"Investors are concerned on whether the eurozone fiscal compact will survive," Arjuna Mahanedran of HSBC Private Bank told the BBC. "That is key to the solving the region's debt crisis."
When Hollande said he was going to tax the rich at 75% they started to move their assets even before the election. Socialist just don't get it.
Continue reading the main story [h=2]Related Stories[/h]
Asian markets have dipped on fears that the eurozone may have to rein in austerity measures that some see as key to solving the region's debt crisis.
It follows the election of Francois Hollande, who has declared he wants more emphasis on growth rather than austerity, as French president.
Japan's Nikkei 225 index fell 2.3%, South Korea's Kospi shed 1.5% and Australia's ASX 200 dropped 1.3%.
The euro also fell to a three-month low against the US dollar in Asian trade.
"Investors are concerned on whether the eurozone fiscal compact will survive," Arjuna Mahanedran of HSBC Private Bank told the BBC. "That is key to the solving the region's debt crisis."
When Hollande said he was going to tax the rich at 75% they started to move their assets even before the election. Socialist just don't get it.