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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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drawee Champion Author Texas Posts:2,300 Points:447,085 Joined:Feb 2012	Message Posted: May 7, 2012 9:13:11 AM Ignore drawee Report Abuse k
civicdutie Champion Author Rochester Posts:4,506 Points:953,485 Joined:Nov 2008	Message Posted: May 7, 2012 9:12:52 AM Ignore civicdutie Report Abuse I wish Greece would simply default and get it over with. At least everyone can start fresh afterwards.
BigBrat Champion Author Phoenix Posts:2,669 Points:1,051,425 Joined:Dec 2004	Message Posted: May 7, 2012 9:12:16 AM Ignore BigBrat Report Abuse O well
jpgilmor Champion Author Houston Posts:2,160 Points:602,975 Joined:Feb 2011	Message Posted: May 7, 2012 9:11:45 AM Ignore jpgilmor Report Abuse why not just spend all the money and get it over with...................
Topless2012 Champion Author Twin Cities Posts:2,427 Points:480,090 Joined:Jan 2012	Message Posted: May 7, 2012 9:10:59 AM Ignore Topless2012 Report Abuse Why?
mysub Champion Author Las Vegas Posts:8,906 Points:2,329,490 Joined:Apr 2006	Message Posted: May 7, 2012 9:10:16 AM Ignore mysub Report Abuse Have you looked at our market lately?
maxcap59 Champion Author Texas Posts:2,764 Points:593,020 Joined:Apr 2011	Message Posted: May 7, 2012 9:09:28 AM Ignore maxcap59 Report Abuse from Mattymattmatt..."Europe seems to be going for a more Socialism route with a Nationwide or Global focus, while the U.S. is getting back to its roots of individualism and small government." Individualism and small government? Do you think that's what our government is trying to promote? Where have you been the past three years? Odumba is trying to make us MORE like Europe - socialism included! We SHOULD be moving towards a smaller government, yes, but he's racing us in the other direction. There's been more government growth in his term so far than there has been under any president in history.
Insuremn Champion Author Twin Cities Posts:4,947 Points:1,030,035 Joined:May 2010	Message Posted: May 7, 2012 9:08:14 AM Ignore Insuremn Report Abuse Ok.
scrossi Champion Author Indiana Posts:3,879 Points:1,047,515 Joined:Dec 2008	Message Posted: May 7, 2012 9:07:25 AM Ignore scrossi Report Abuse Good.
craigrm Champion Author Connecticut Posts:1,740 Points:578,580 Joined:Mar 2008	Message Posted: May 7, 2012 9:06:43 AM Ignore craigrm Report Abuse Yay.
Hypersonic All-Star Author Maryland Posts:962 Points:849,415 Joined:Aug 2008	Message Posted: May 7, 2012 9:06:13 AM Ignore Hypersonic Report Abuse ok
humblepie Champion Author Toledo Posts:34,179 Points:2,370,395 Joined:Mar 2006	Message Posted: May 7, 2012 9:06:06 AM Ignore humblepie Report Abuse this happens when voters on the dole, outnumber voters with jobs........... just like in obama's america..abo 2012
essel Champion Author Virginia Posts:2,708 Points:1,043,470 Joined:Nov 2007	Message Posted: May 7, 2012 9:04:01 AM Ignore essel Report Abuse ok
NMRawker Champion Author New Mexico Posts:1,155 Points:162,140 Joined:Sep 2008	Message Posted: May 7, 2012 9:03:41 AM Ignore NMRawker Report Abuse Well the price of oil "plunged" I just read, now it's going to spike again. What else is new?
mattymattmatt All-Star Author Scranton Posts:889 Points:363,465 Joined:Mar 2011	Message Posted: May 7, 2012 9:02:56 AM Ignore mattymattmatt Report Abuse It's very interesting. Europe seems to be going for a more Socialism route with a Nationwide or Global focus, while the U.S. is getting back to its roots of individualism and small government. I thought for sure it would be the other way around because the U.S. is always a little later in developing the thinking that comes over from Europe. It seems that, if the U.S. fails in its bid for individual independence, there will be no safe place in the world for the free-thinking man. Governments and the people in them will control everything.
photobuddy Champion Author Washington Posts:1,620 Points:370,255 Joined:Feb 2012	Message Posted: May 7, 2012 9:02:23 AM Ignore photobuddy Report Abuse Looks as if they now have the new story to drive oil prices up again, uncertainty over Greece. Why not just admit that they gave the country to much and move on. Raising oil prices and putting half the world on unemployment will not fit what has happened.
1958tomg Champion Author Kansas Posts:2,132 Points:544,365 Joined:Oct 2011	Message Posted: May 7, 2012 9:01:42 AM Ignore 1958tomg Report Abuse ok
JENNYHK Champion Author Chicago Posts:3,636 Points:712,570 Joined:Apr 2011	Message Posted: May 7, 2012 9:00:52 AM Ignore JENNYHK Report Abuse Screwed.
kulwicki7 All-Star Author Virginia Posts:638 Points:268,845 Joined:Sep 2005	Message Posted: May 7, 2012 9:00:32 AM Ignore kulwicki7 Report Abuse ok
bginsj Champion Author San Jose Posts:1,863 Points:1,233,960 Joined:May 2009	Message Posted: May 7, 2012 8:59:54 AM Ignore bginsj Report Abuse greed is a bad thing
ROSYMI Champion Author Michigan Posts:1,028 Points:367,900 Joined:Nov 2011	Message Posted: May 7, 2012 8:59:26 AM Ignore ROSYMI Report Abuse not good, are we all going down
AC-302 Champion Author Los Angeles Posts:26,568 Points:2,900,595 Joined:Aug 2004	Message Posted: May 7, 2012 8:58:56 AM Ignore AC-302 Report Abuse France elects a Socialist government (again), and the US job market is in the toilet. I think we're headed for that second dip...
bigLtowing Champion Author Columbus Posts:2,834 Points:591,590 Joined:Aug 2011	Message Posted: May 7, 2012 8:58:48 AM Ignore bigLtowing Report Abuse ok
Wizrd03 Champion Author Illinois Posts:8,147 Points:1,631,360 Joined:Oct 2008	Message Posted: May 7, 2012 8:57:26 AM Ignore Wizrd03 Report Abuse Wall street to follow
WebGabe Champion Author Pennsylvania Posts:2,364 Points:495,645 Joined:Jun 2007	Message Posted: May 7, 2012 8:56:55 AM Ignore WebGabe Report Abuse Ok.
paulp24 Champion Author Harrisburg Posts:4,532 Points:821,350 Joined:Dec 2010	Message Posted: May 7, 2012 8:56:47 AM Ignore paulp24 Report Abuse Walmart will save hong kong...
techque Champion Author St. Louis Posts:8,650 Points:2,419,405 Joined:Apr 2005	Message Posted: May 7, 2012 8:56:46 AM Ignore techque Report Abuse how is this article actually a gas buddy article ?
dave1745 Champion Author Gary Posts:1,262 Points:737,250 Joined:Dec 2010	Message Posted: May 7, 2012 8:54:56 AM Ignore dave1745 Report Abuse hmm
ntass1 Champion Author Edmonton Posts:3,790 Points:726,300 Joined:May 2011	Message Posted: May 7, 2012 8:54:49 AM Ignore ntass1 Report Abuse ok
silverfoxv65 Champion Author Michigan Posts:4,475 Points:1,228,925 Joined:Sep 2009	Message Posted: May 7, 2012 8:54:32 AM Ignore silverfoxv65 Report Abuse They may not like who was voted in.
MacGyver_1701 Champion Author Indiana Posts:6,975 Points:2,187,820 Joined:Feb 2005	Message Posted: May 7, 2012 8:54:19 AM Ignore MacGyver_1701 Report Abuse Is this the start of the end for us? We will have to see.
Hugo40 Champion Author Kentucky Posts:7,624 Points:1,617,005 Joined:Aug 2008	Message Posted: May 7, 2012 8:54:01 AM Ignore Hugo40 Report Abuse Europe is going down the rat hole.
arnerator Champion Author Seattle Posts:8,179 Points:1,616,415 Joined:Sep 2008	Message Posted: May 7, 2012 8:54:00 AM Ignore arnerator Report Abuse Glad to see it. Hope some speculators are getting clobbered.
ou812again Champion Author Cincinnati Posts:3,314 Points:669,160 Joined:Apr 2011	Message Posted: May 7, 2012 8:53:27 AM Ignore ou812again Report Abuse ok
k2kipp Champion Author Minnesota Posts:3,161 Points:1,126,210 Joined:Sep 2005	Message Posted: May 7, 2012 8:53:19 AM Ignore k2kipp Report Abuse Will this lower gas prices?
slgas Champion Author Houston Posts:6,025 Points:1,561,565 Joined:Oct 2008	Message Posted: May 7, 2012 8:53:18 AM Ignore slgas Report Abuse Not good if this leads to worldwide economic turmoil.
hwmillerster Champion Author Missouri Posts:6,784 Points:1,464,370 Joined:Oct 2008	Message Posted: May 7, 2012 8:52:32 AM Ignore hwmillerster Report Abuse Makes for lower gas prices economic collapse.
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: May 7, 2012 8:51:13 AM Ignore maske_2222 Report Abuse speculators.....
PrinceLH Champion Author Ontario Posts:2,687 Points:537,070 Joined:Jun 2011	Message Posted: May 7, 2012 8:50:23 AM Ignore PrinceLH Report Abuse Europe should just cut bait with Greece and let them slide into the third world. Then they'll get nothing, instead of something, if they had just taken the austerity route. [Edited by: PrinceLH at 5/7/2012 9:50:25 AM EST]
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,005 Joined:Mar 2003	Message Posted: May 7, 2012 8:49:52 AM Ignore sydb7 Report Abuse @kirzon484: May we SURVIVE interesting times!
maxcap59 Champion Author Texas Posts:2,764 Points:593,020 Joined:Apr 2011	Message Posted: May 7, 2012 8:49:50 AM Ignore maxcap59 Report Abuse You would think this would be a message to Odumba. Big government + big spending + big debt = Economic collapse.
stevencr Champion Author Ohio Posts:5,650 Points:1,433,770 Joined:Mar 2009	Message Posted: May 7, 2012 8:49:37 AM Ignore stevencr Report Abuse Too bad for Asia.
kosciak Champion Author Hartford Posts:1,106 Points:533,525 Joined:Aug 2011	Message Posted: May 7, 2012 8:48:47 AM Ignore kosciak Report Abuse ok
jetmech568 Champion Author Idaho Posts:1,268 Points:623,990 Joined:Apr 2011	Message Posted: May 7, 2012 8:47:47 AM Ignore jetmech568 Report Abuse ok
tarheelcoastie Champion Author Greensboro Posts:5,191 Points:1,110,180 Joined:Jan 2009	Message Posted: May 7, 2012 8:47:43 AM Ignore tarheelcoastie Report Abuse are we all spoiled idiots?
Black Wagon Champion Author Illinois Posts:7,307 Points:1,801,795 Joined:Mar 2004	Message Posted: May 7, 2012 8:47:00 AM Ignore Black Wagon Report Abuse Faltering economic recovery in the U.S. can be changed in November.
kirzon484 Champion Author Atlanta Posts:1,861 Points:432,310 Joined:Jun 2011	Message Posted: May 7, 2012 8:46:25 AM Ignore kirzon484 Report Abuse may we live in interesting times
preacherboyFL Veteran Author Orlando Posts:444 Points:124,960 Joined:Feb 2012	Message Posted: May 7, 2012 8:46:08 AM Ignore preacherboyFL Report Abuse Psalm 30:5 For His anger lasts only a moment, but His favor lasts a lifetime; weeping may remain for a night, but rejoicing comes in the morning.
BillHeatherL Champion Author Alberta Posts:7,638 Points:1,923,655 Joined:Apr 2007	Message Posted: May 7, 2012 8:45:48 AM Ignore BillHeatherL Report Abuse will we see a drop at the pumps
mikerroy Champion Author Albuquerque Posts:2,561 Points:719,945 Joined:May 2005	Message Posted: May 7, 2012 8:45:42 AM Ignore mikerroy Report Abuse ok
lonewolfhead Champion Author Texas Posts:1,646 Points:561,015 Joined:Aug 2011	Message Posted: May 7, 2012 8:45:04 AM Ignore lonewolfhead Report Abuse ok