Stock markets in Asia and Europe were down sharply Tuesday morning as investors worry that the Euro debt crisis is spreading to other countries. This fear was heightened over the weekend when the Spanish bank, Cajasur, received emergency funding from the Bank of Spain.
The sell-off started in Asia as Japanese stocks fell by 3.1%, and shares in South Korea fell by 2.7%. By mid-day trading in Europe, the FTSE 100 in London was down by 2.52%, Germany’s Dax index was 2.46% lower, while in France the Cac 40 index had dropped 3.17%.
Source: BBC News
