Asian stocks slip as euro debt crisis fears fix on Spain

by Blog Burger on June 19, 2012

Tokyo Stock Exchange employees monitor the market at the bourse in TokyoSINGAPORE (Reuters) – Asian shares edged down on Tuesday as rising Spanish bond yields stoked fears its tottering banking system is dragging Madrid deeper into crisis, snuffing out a relief rally that followed a win for mainstream parties in Greece's weekend election. The euro arrested a slide to clamber back above $ 1.26, but remained a good distance off the high of $ 1.2748 scaled in early Asian trading on Monday, when markets were cheering a narrow victory for supporters of Greece's international bailout deal. …

Business News Headlines – Yahoo! News

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