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Asia stocks plunge after Europe elections, US data

Fox News --
BANGKOK – Asian stock markets were pummeled Monday by weekend election results in Greece and France that heightened uncertainty about Europe's ability to solve its debt crisis.

Signs of a faltering economic recovery in the U.S. compounded the dour mood while oil slid below $97 a barrel. Japan's Nikkei 225 index plunged 2.6 percent to 9,134.26 and Hong Kong's Hang Seng slid 2.4 percent to 20,582.24.

Election results in Greece sent tremors throughout Europe as voters punished the parties responsible for highly unpopular austerity measures instituted to prevent the country from defaulting on its massive debts.

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Submitted May 07, 2012 By: RNCII

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ExplorerWA Champion Author Washington Posts:4,078 Points:797,150 Joined:Feb 2011	Message Posted: May 7, 2012 11:56:12 PM Ignore ExplorerWA Report Abuse Austerity means debt slaves and a lower standard of living and it coming here.
my2002m Champion Author Tulsa Posts:6,069 Points:1,670,075 Joined:Jul 2008	Message Posted: May 7, 2012 9:57:25 PM Ignore my2002m Report Abuse Politics are changing everywhere.
Ticobird Champion Author Huntsville Posts:3,231 Points:1,116,015 Joined:Oct 2009	Message Posted: May 7, 2012 8:13:49 PM Ignore Ticobird Report Abuse The "plunge" in Asian stocks seems to me to have occurred rather quickly.
Soglaos Champion Author Virginia Beach Posts:2,771 Points:740,405 Joined:Feb 2011	Message Posted: May 7, 2012 3:30:29 PM Ignore Soglaos Report Abuse ok
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: May 7, 2012 2:35:50 PM Ignore pulpwood Report Abuse that is what it is, a dour mood.
JXQW Champion Author Kansas City Posts:2,787 Points:684,175 Joined:Jul 2008	Message Posted: May 7, 2012 12:42:47 PM Ignore JXQW Report Abuse that is odd, what were they worried about?
tomok Champion Author Portland Posts:33,014 Points:2,345,510 Joined:Aug 2006	Message Posted: May 7, 2012 12:34:01 PM Ignore tomok Report Abuse More bad news for the world? The recession will continue and it does not matter what county it will affect. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
JimL1 Champion Author Phoenix Posts:8,217 Points:1,241,520 Joined:Jul 2003	Message Posted: May 7, 2012 12:18:53 PM Ignore JimL1 Report Abuse Do you think that the Tea Party and other Republicans will listen to this warning? I doubt it, so look forward to President Obama and the Democrats sweeping this next election. When Arizona Republicans totally unfunded our future by making those deep cuts in education and the governor sentenced those people who had been promised transplants to death, they sentenced the Arizona Republican party to oblivion. Even the most stubborn people eventually wake up and realize what is going on.
mageetp Champion Author British Columbia Posts:3,210 Points:625,960 Joined:Aug 2011	Message Posted: May 7, 2012 12:13:47 PM Ignore mageetp Report Abuse Time will tell on this one.
naidu72 Sophomore Author California Posts:177 Points:11,145 Joined:Apr 2012	Message Posted: May 7, 2012 12:08:48 PM Ignore naidu72 Report Abuse ???
naidu72 Sophomore Author California Posts:177 Points:11,145 Joined:Apr 2012	Message Posted: May 7, 2012 12:08:39 PM Ignore naidu72 Report Abuse ???
Buck_on_Bass Champion Author Tennessee Posts:7,574 Points:1,455,310 Joined:Jul 2007	Message Posted: May 7, 2012 11:59:36 AM Ignore Buck_on_Bass Report Abuse Several European countries have economies that are not very stable. As long as the European countries have unstable economies, expect volatility in the European financial markets and energy markets. With the Recent Greek and French elections, I expect the situation to get worse in Europe before it gets better.
MustangRacing Champion Author Virginia Posts:1,843 Points:649,460 Joined:May 2011	Message Posted: May 7, 2012 11:59:36 AM Ignore MustangRacing Report Abuse Liberals, wiki: Life sucking mammals evolved from blood sucking leaches.
libertyut Champion Author Utah Posts:1,350 Points:291,625 Joined:Mar 2012	Message Posted: May 7, 2012 11:55:15 AM Ignore libertyut Report Abuse It will effect us because Obama wants to take the US down to the rest of the world's level.
eaglev Champion Author Oklahoma City Posts:4,001 Points:937,155 Joined:Jul 2005	Message Posted: May 7, 2012 11:54:17 AM Ignore eaglev Report Abuse Liberal = lower expecations and lower $$$ to private sector
regasaz Champion Author Phoenix Posts:5,775 Points:1,280,880 Joined:Dec 2006	Message Posted: May 7, 2012 11:52:29 AM Ignore regasaz Report Abuse You can see what the Liberal Socialists have done to these countries....... and that is what they a trying to do to the U.S.. Vote them all out this November.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: May 7, 2012 11:51:27 AM Ignore kelly1016 Report Abuse Having a Socialist Party in charge does NOT equal failure anymore than Capitalism equals success. There are winniers in losers in all systems. Why do you think the occupy Wall Street movement occured? Ragen believed that if you made the wealthy more so trickle down would occur and all would benifit. This did not happen. The disparity between rich and poor grew and much of the extra wealth benerated to corporations due to tax cuts went off shore to build factories in areas where wages were low. Asia really benifited from this while american factories closed due to jobs going to Asia. Socialist governments tend toward protectionism and taking from the rich to pay for services to the poor. Sweden and Norway both have socialist governments and are doing just fine. The NDP in Manitoba and Saskatchewan did just fine as well.
yeehaw1073 Champion Author Indiana Posts:2,356 Points:1,849,450 Joined:May 2004	Message Posted: May 7, 2012 11:50:09 AM Ignore yeehaw1073 Report Abuse ok.....
AuntJaime Champion Author New Jersey Posts:2,869 Points:401,310 Joined:May 2011	Message Posted: May 7, 2012 11:49:28 AM Ignore AuntJaime Report Abuse Good article!
otherdave Champion Author Indiana Posts:3,393 Points:1,269,160 Joined:Oct 2008	Message Posted: May 7, 2012 11:47:35 AM Ignore otherdave Report Abuse HEY "UNCLE O" WHEN DO I GET MY BAILOUT???
chillyman3 Champion Author Illinois Posts:1,355 Points:423,640 Joined:Jan 2012	Message Posted: May 7, 2012 11:46:32 AM Ignore chillyman3 Report Abuse this will not effect gas prices. Gas will be higher at the end of June and the early July. [Edited by: chillyman3 at 5/7/2012 11:47:23 AM EST]
MightyDude Champion Author Minnesota Posts:10,345 Points:2,647,770 Joined:Mar 2003	Message Posted: May 7, 2012 11:45:45 AM Ignore MightyDude Report Abuse round 'n round she goes
jeromehasbargen Champion Author Minnesota Posts:3,381 Points:659,975 Joined:Jan 2009	Message Posted: May 7, 2012 11:45:17 AM Ignore jeromehasbargen Report Abuse I wonder how this will actually effect gas prices.
fenster66 Champion Author Pittsburgh Posts:3,350 Points:674,090 Joined:May 2011	Message Posted: May 7, 2012 11:45:00 AM Ignore fenster66 Report Abuse we'll see how all this plays out during the summer...
fatboy97 Champion Author Twin Cities Posts:2,484 Points:1,707,575 Joined:Aug 2007	Message Posted: May 7, 2012 11:44:27 AM Ignore fatboy97 Report Abuse ok
Reddy Sophomore Author Huntsville Posts:150 Points:62,575 Joined:Apr 2012	Message Posted: May 7, 2012 11:43:42 AM Ignore Reddy Report Abuse ok
dieselfiendSC Champion Author South Carolina Posts:2,186 Points:846,830 Joined:Nov 2008	Message Posted: May 7, 2012 11:43:24 AM Ignore dieselfiendSC Report Abuse But Obama said the economy is coming back. What a liar.
bra0712 Champion Author Arizona Posts:3,660 Points:768,345 Joined:Nov 2008	Message Posted: May 7, 2012 11:43:18 AM Ignore bra0712 Report Abuse I am sure this will affect the US somehow
mickeymike Champion Author Pennsylvania Posts:2,837 Points:595,870 Joined:Feb 2011	Message Posted: May 7, 2012 11:41:41 AM Ignore mickeymike Report Abuse and our market will follow!!!
GNReddy Sophomore Author Huntsville Posts:141 Points:58,375 Joined:Apr 2012	Message Posted: May 7, 2012 11:41:11 AM Ignore GNReddy Report Abuse ok
katmandue Champion Author Detroit Posts:8,071 Points:2,134,120 Joined:Jul 2006	Message Posted: May 7, 2012 11:39:57 AM Ignore katmandue Report Abuse Same is going to happen here and the teapartiers will cheer wildly.
GoBlazers Champion Author Washington Posts:7,317 Points:874,225 Joined:Dec 2008	Message Posted: May 7, 2012 11:39:27 AM Ignore GoBlazers Report Abuse Faux News article: select another source or forever wonder if it even happened.
Car54BC08 Champion Author British Columbia Posts:4,254 Points:1,510,340 Joined:Jun 2008	Message Posted: May 7, 2012 11:36:39 AM Ignore Car54BC08 Report Abuse The European economy will collapse because of the election results in France and Greece.
JasonKY Veteran Author Lexington Posts:292 Points:67,795 Joined:Feb 2012	Message Posted: May 7, 2012 11:36:04 AM Ignore JasonKY Report Abuse The world's markets are all interconnected. If there are drops in one foreign market then you can believe that other global markets will feel the heat.
Beboper Champion Author Virginia Posts:8,727 Points:2,163,790 Joined:Oct 2005	Message Posted: May 7, 2012 11:33:50 AM Ignore Beboper Report Abuse great
esorsd Champion Author St. Louis Posts:5,738 Points:1,638,740 Joined:May 2005	Message Posted: May 7, 2012 11:33:34 AM Ignore esorsd Report Abuse Not good.
VernonOR Champion Author Oregon Posts:2,915 Points:737,870 Joined:Aug 2010	Message Posted: May 7, 2012 11:33:26 AM Ignore VernonOR Report Abuse With their new social party taking over, Greece will fail.
peanutsMN Champion Author Twin Cities Posts:1,682 Points:385,890 Joined:Jul 2011	Message Posted: May 7, 2012 11:33:23 AM Ignore peanutsMN Report Abuse OK
TRAIN RIDER Champion Author San Bernardino Posts:9,082 Points:2,757,820 Joined:Oct 2004	Message Posted: May 7, 2012 11:29:13 AM Ignore TRAIN RIDER Report Abuse As long as Obama is in office here we will also have uncertainty about our debt crisis.
DrivingFool2 Champion Author Appleton Posts:8,587 Points:1,605,115 Joined:Apr 2005	Message Posted: May 7, 2012 11:28:32 AM Ignore DrivingFool2 Report Abuse The U.S. market is stable this morning
Kaiyne Champion Author Chicago Posts:2,339 Points:472,715 Joined:Feb 2011	Message Posted: May 7, 2012 11:28:14 AM Ignore Kaiyne Report Abuse WTF!
tauro514 Champion Author Connecticut Posts:3,140 Points:1,801,090 Joined:Oct 2006	Message Posted: May 7, 2012 11:27:31 AM Ignore tauro514 Report Abuse good.
Audioquest Champion Author London Posts:1,074 Points:99,480 Joined:Oct 2008	Message Posted: May 7, 2012 11:26:59 AM Ignore Audioquest Report Abuse Over-reaction.
TopGunn Champion Author Baltimore Posts:9,181 Points:2,615,305 Joined:Aug 2004	Message Posted: May 7, 2012 11:26:02 AM Ignore TopGunn Report Abuse Further evidence that economics are not local issues.
matthwbar Champion Author Toledo Posts:4,063 Points:1,017,805 Joined:Jun 2007	Message Posted: May 7, 2012 11:25:59 AM Ignore matthwbar Report Abuse Yep...the jig is up...Depression, here we come..
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: May 7, 2012 11:22:58 AM Ignore EmperorsFinest Report Abuse Bad.
WinderGuy Champion Author Georgia Posts:2,864 Points:932,380 Joined:Mar 2008	Message Posted: May 7, 2012 11:22:12 AM Ignore WinderGuy Report Abuse ok
dad2two Champion Author Dallas Posts:3,543 Points:750,395 Joined:May 2010	Message Posted: May 7, 2012 11:21:57 AM Ignore dad2two Report Abuse Rekey, the people who want to fix the problem will cause countries to tighten their budgets and therefore, spend less which will affect the stock market companies bottom line.
amayne11 Champion Author Vancouver Posts:1,754 Points:499,185 Joined:Nov 2011	Message Posted: May 7, 2012 11:21:53 AM Ignore amayne11 Report Abuse If the Euro fails because of increased debt from the participants, will that make everything more expensive here in North America, or will it mean that the rich will just lose a little money from investing in high interest debt that will never be paid back.
Suzzoom Champion Author Nevada Posts:2,364 Points:505,685 Joined:Jan 2011	Message Posted: May 7, 2012 11:21:45 AM Ignore Suzzoom Report Abuse Whatever happens politically anywhere, the ruthless, greedy ones will always triumph.