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Global Markets: Stocks battered as Italian crisis deepens

Reuters  |  TOKYO 

By Tomo UetakeTOKYO (Reuters) - Asian stocks extended a global sell-off on Wednesday as Italy's political crisis rippled across financial markets, toppling the euro to a 10-month low, pushing up borrowing costs for Rome and sending investors into safer assets such as U.S. Treasuries. MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.4 percent, while Japan's Nikkei average sold off 1.5 percent to a six-week low.Chinese shares also headed south, with the Shanghai Composite index down 1.4 percent. South Korea's KOSPI and Australia's S&P/ASX 200 slipped 2.0 percent and 0.5 ...

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First Published: Wed, May 30 2018. 12:04 IST