Asian stocks, euro down as Greek talks fall apart

HONG KONG: Asian stock markets and the euro sank Monday on fears Greece could tumble out of the eurozone after debt reform talks between Athens and its creditors collapsed, leaving the country on the verge of a default.

The losses also followed a sell-off in New York, where US investors were spooked after European officials confirmed that they had been preparing for a worst-case scenario of Greece failing to pay its bills.