Asian stocks mostly down – Shanghai rebounds

<p>Asian markets were mixed today on fears about Greece and oil prices.</p>

Asian stocks mostly fell today (December 10th) amid fears about Greece and oil price, as the yen strengthened. It emerged yesterday that Greece had brought forward a presidential election to December 17th instead of February, raising fears of fresh political instability. Oil prices fell on expectations of a build-up in US crude stockpiles, suggesting sluggish national demand.

China stood out, as it rebounded from yesterday's losses, when markets were spooked by fresh sluggish economic data from the world's second economy. The Shanghai Composite index finished more than two per cent higher today after plunging more than five per cent on Tuesday. It ended today's session 2.93 per cent up at 2,940.01.

Tokyo sank 2.25 per cent to 17,412.58, Sydney fell 0.45 per cent to 5,259.0 and Seoul slipped 1.29 per cent to 1,945.56. Hong Kong added 0.16 per cent to 23,524.52.

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