Markets Fall As Eurozone Crisis Intensifies



Markets in Europe and Asia fell sharply as investors seek to offload risky assets amid concerns the Eurozone debt crisis is intensifying. The London stock market dropped 0.76%, Frankfurt slid 0.83%, Madrid index lost 0.60% and Paris shed 1.15% by Tuesday’s closing. Asian markets also tumbled Tuesday, with Nikkie closing 1.43% in Tokyo, Shanghai losing 1.48%, Hong Kong 2.19% and Sydney 1.90% at close. In the US, three key stock indexes closed in the negative, though just within 1% of where each had started. The market response comes as European officials vowed to support a rescue fund designed to end mounting concerns over the Greek debt crisis.