Shares down on European debt fears | Bangkok Post: business

Asian stock markets slumped and the euro dived to a 10-year low against the yen on Monday as concerns grew that Greece would default on its debt repayments amid a warning from Germany.

Businessmen are reflected on a share prices board in Tokyo in August. Asian stock markets slumped and the euro dived to a 10-year low against the yen on Monday as concerns grew that Greece would default on its debt repayments amid a warning from Germany.

Big losses in Europe and on Wall Street on Friday fuelled the selling pressure, while the resignation of a key European Central Bank committee member also depressed sentiment.