Asian stock markets look to sell off on Greece bailout worries. At the present time we are seeing the Nikkei down over 4% on worries of not only the Greece bailout but some of the concerns that are involved with the US stock market as well. Even though much of 998 point drop was due to a trader error this is still a concern for many global investors.


It will be very interesting to see how Asian stock markets react over the next several hours as the possibility of a Greece debt crisis is upon us. If Greece must be bailed out by taxpayers of other countries there could be a huge selloff in global stock markets.

Today we saw a drop of over 300 points on the United States stock market and there has been an increased amount of fear as a trader error caused the Dow Jones Industrial Average to plummet nearly 1000 points. While it is the case that much of this drop was an error there are still many fears that there could be a stock market crash in the future.

The movement of Asian stock markets could go a long way to tell us what is going to happen with the global economy over the next 24 hours. With European stock markets opening in the very near future and Asian stock markets already open we will likely see how much Greece will affect the overall global economy.

Author: Heather Best