Asian stocks slip as euro debt crisis fears fix on Spain

by Blogburger 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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