Greek Debt Crisis – Bloody Monday in Asian Markets

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June 29,2015 (LBO) – Greek’s decision to close banks has caused erosion in investor confidence across Asia as evident by Billions wiped out in Monday morning trade in key Asia Pacific Markets.

Despite the China’s weekend rate cut, Shanghai lost 0.4 percent.

Nikkei and Hang Seng lost 2 percent and 1.7 percent respectively.

All markets across East Asia, new Zealand and Australia fell during Monday morning trading.

Oil prices declined by little over one percent, while gold appreciated marginally.