May 16, 2012, 09.01 AM IST | Source: Moneycontrol.com

Asian markets decline; Hang Seng falls 2.5%

At 8:20 hours IST: Asian markets were trading lower as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious. Hong Kong's Hang Seng fell 2.49% or 495.67 points to 19,398.64 and Chinese Shanghai Composite declined 13.36 points or 0.56% to 2,361.48.

At 8:20 hours IST: Asian markets were trading lower as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious. Hong Kong's Hang Seng fell 2.49% or 495.67 points to 19,398.64 and Chinese Shanghai Composite declined 13.36 points or 0.56% to 2,361.48.

Japan's Nikkei 225 Average lost 79.95 points or 0.90% to 8,820.79 and Singapore's Straits Times was down 24.07 points or 0.84% to 2,852.63.

South Korea's Kospi Composite Index declined 21.33 points or 1.12% to 1,877.63 and Taiwan Weighted slipped 53.47 points or 0.72% to 7,342.17.

(With inputs from Reuters)

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