Asia markets slip; ASX and Nikkei down 0.6%, Kospi dips 0.2%

Monday, December 5, 2016

Asia markets slip; ASX and Nikkei down 0.6%, Kospi dips 0.2%

The euro dropped to a 20-month low on Monday in Asia as investors digested news that Italian Prime Minister Matteo Renzi would resign after he suffered a humiliating defeat in a referendum over constitutional reforms
In Japan, the Nikkei 225 opened down 0.58 percent, as South Korea’s Kospi slipped 0.18 percent. Elsewhere, the NZX 50 fell slightly as Prime Minister John Key said he would resign, citing it as “the right time” as he would not seek a fourth term. The New Zealand dollar neared low of session against the US dollar of 0.7070.

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