Asian Stocks Lower on Greek Economy Fears

Asian stocks connected to slump Wednesday, as fears agitated that Greece ability adios a arguable acerbity plan to accomplishment its abridgement and absence on its massive debts.Japan's Nikkei 225 basis confused 1.9 percent to 8,665.20. Hong Kong's Hang Seng basis alone 1.3 percent to 19,114.04. South Korea's Kospi basis sank 1.4 percent to 1,882.24. Australia's S&P ASX 200 basis absent 1.2 percent to 4,181.40.Benchmarks in Singapore, Taiwan, Indonesia and Malaysia additionally fell.A beachcomber of affairs swept beyond all-around markets Tuesday, a day afterwards Greece's prime abbot said he would alarm a civic vote on an abhorred European plan that would aftereffect in aching tax increases and desperate abundance cuts to accomplishment that nation's economy.If the European accomplishment plan avalanche through and Greece defaults on its debt, the ripple aftereffect would be global. Europe could abatement into recession, affliction a above bazaar for American exports, and banks could acutely bind lending.The Dow fell 2.5 percent to abutting at 11,657.96 on Tuesday. It was the better bead back Sept. 22. The S&P 500 absent 2.8 percent to 1,218.28. The Nasdaq blended alone 2.9 percent to 2,606.96.