Asian Stocks Decline From Two-Month High After Greece Election
This article is for subscribers only.
Asian stocks fell, with the regional benchmark index retreating from a two-month high, after Greek voters handed victory to a party that’s pledged to renegotiate the terms of an international bailout.
Nippon Sheet Glass Co., which counts Europe as its biggest market for sales, slipped 2.8 percent in Tokyo. Offshore energy explorer Cnooc Ltd. fell 1.3 percent in Hong Kong after oil extended losses after dropping to the lowest in almost six years. Keppel Land Ltd. jumped 25 percent in Singapore as the developer resumed trading after parent Keppel Corp. offered as much as S$3.23 billion ($2.4 billion) to buy shares of its unit.