Asian Stocks Fall

Asian stock markets fell Monday, AP reported.

Hang Seng in Hong Kong tumbled 3.3% to 18,879.20 and the Nikkei 225 in Tokyo shed 1.4% to 26,945.67.

The Shanghai Composite Index lost 0.5% to 3,234.91. The Kospi in Seoul retreated 0.7% to 2,379.20 and Sydney’s SandP-ASX 200 lost 1.4% to 6,898.50.

India’s Sensex lost 1.4% to 57,177.69.

In energy markets, benchmark US crude plunged $2.11 to $64.63 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oil, lost $2.29 to $70.68 per barrel in London.

The dollar declined to 131.17 yen from Friday’s 131.67 yen. The euro retreated to $1.0646 from $1.0681.

Source: Saudi Press Agency

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