Investors pushed major markets across Asia and Europe lower Monday, following elections in Greece and France that raised concerns in regards to the way forward for austerity measures put into place to assist rescue ailing eurozone economies.
Stocks in Greece plunged greater than 7 percent in early trading, while markets in Germany and France fell greater than 1 percent.
Japan's Nikkei index closed down 2.8 percent while Hong Kong's Hang Seng ended 2.6 percent lower.
In France, voters elected as their new president Socialist Francois Hollande, who has pledged to ward off against German-led austerity programs for troubled economies.
Europe has spent tens of billions of greenbacks on bailouts - twice for Greece, and once each for Ireland and Portugal - and has a brand new rescue fund slated to take effect in July. But to get the cash, the eu Union and the International Monetary Fund insisted the countries make sharp, unpopular spending cuts.
Greek voters backed anti-austerity parties in Sunday's parliamentary elections, leaving leaders the duty of forming a brand new coalition government.
From WhatNewsToday.net
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