Japan's stock market fell 0.80 percent Monday, Korean shares fell 0.91 percent world pie network information , China's Hong Kong stocks fell 1.35 percent. As of 23:04 last night, in the early hours of the Dow Jones Industrial Average temporarily fell 7.19 points to 12,970.38 points, down 0.06 percent. European shares fell in midday stage, the three major stock indexes fell less than 0.5%, the rest of the European stock market decline is generally limited.
Last weekend, Moody's rating of Greece by the CA down to C, the lowest file for all ratings. Moody's said that the Greek bond replacement program will give private investors more than 70% of the losses, if not the replacement of government bonds, Greece faces a direct breach of contract. Moody's also reminded that, even if Greece is to complete the bond replacement of its debt default risk is still high.
China lowered during the economic growth target of 0.5 percent to 7.5 percent, resulting in global investors cautious this week, a first Asia-Pacific stocks fell, and then spread to Europe and the United States stock prices later opened.
It is understood that on Thursday, the private sector creditors to hold Greek bonds must decide whether to participate in bond swaps World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor . Such as the participation rate is less than 66% of the whole swap will fail. In other words, Greece will face breach of contract.
It is noteworthy that, according to data compiled by Bloomberg, as of 23:44 yesterday, the Greek one-year state bond yields reported 1006.66% over 1000, faced with the full risk of default.