Asian stocks fall as Europe anxieties flare again

September 29, 2011 • Business

FILE – In this Sept. 23, 2011 file photo, a specialist works at the New York Stock Exchange, in New York. Hopes that policymakers are preparing a grand plan to finally contain Europe’s debt crisis bolstered stocks Tuesday, Sept. 27, 2011, ahead of a meeting between the leaders of Greece and Germany. (AP Photo/Mark Lennihan, File)

BANGKOK (AP) — Asian shares were mostly lower Thursday as investors again began to doubt Europe’s ability to cauterize its worsening debt crisis.

Benchmark oil hovered above $81 a barrel while the dollar dropped against the euro but was steady against the yen.

Japan’s Nikkei 225 index shed 0.2 percent to 8,602.96 and Australia’s S&P/ASX 200 fell 1.2 percent to 3,989.70. Markets in Hong Kong were closed due to an approaching typhoon.

Mainland China’s Shanghai Composite Index lost 0.5 percent to 2,380.34 and the smaller Shenzhen Composite Index dropped 1.5 percent to 1,016.63.

But South Korea’s Kospi rose 1.8 percent to 1,753.52. Benchmarks in Malaysia, Taiwan, Indonesia and the Philippines were also higher while India and Login to read more

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