Asia stocks plunge after Europe elections, US data

The Seattle Times Monday 7th May, 2012

BANGKOK — Asian stock markets were pummeled Monday by weekend election results in Greece and France that heightened uncertainty about Europe's ability to solve its debt crisis. Signs of a faltering economic recovery in the U.S. compounded the dour mood while oil slid below $97 a barrel. Japan's Nikkei 225 index plunged 2.6 percent to 9,134.26 and Hong Kong's Hang Seng slid 2.4 percent to 20,582.24. Election results in Greece sent tremors ...

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