Asian markets have fallen on fears about the eurozone debt crisis after the cost of borrowing for Spain and Italy rose. Yesterday, Spanish bond yields rose to almost 6.5 per cent, while ten-year Italian bond yields rose to 6.032 per cent. Japan's Nikkei 225 index fell 1.8 per cent and South Korea's Kospi dropped 1.3 per cent. Higher borrowing costs are an indication that investors are worried about the countries' finances despite the bailout of Spanish banks.
News On AIR | June 12, 2012 9:48 AM
Asian markets fall on Eurozone debt crisis fears<br/>