Markets Collapse Across Asia And Europe

May 25, 2010 by Douglas A. McIntyre

Concerns about finances in the Eurozone, a further sell-off of the euro, and worries about a new war on the Korean peninsula drove down stocks across Asia.

Indices in China and Japan were down about 3%.

Shares in London, Frankfurt, and Paris fell by about the same amount. JPMorgan Chase (NYSE: JPM) downgraded a number of Greek banks.

Douglas A. McIntyre