Asian markets, euro dive on Europe election results

AFP — Asian markets and the euro slumped on Monday after voters in France and Greece voted out their ruling parties in a backlash against austerity measures aimed at battling the eurozone crisis. Adding to the bearish atmosphere was weak jobs data from the United States last week, which had fuelled concerns about recovery in the world’s biggest economy and sent Wall Street sliding. Tokyo dived 2.78 percent, or 261.11 points, to 9,119.14, Sydney fell 2.16 percent, or 94.7 points, to 4,301.3 and Seoul shed 1.64 percent, or 32.71 points, to 1,956.44. In the afternoon Hong Kong slumped 2.71 percent and Shanghai lost 0.49 percent. Read Article