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Market Update

Asia Ends Lower on Greece Debt Concerns

Stocks in Asia ended lower Monday following reports that threw Greece's ability to avoid a default in doubt and led to fresh worries over the potential impact of a Greek default on the global economy.

At close, Hong Kong's Hang Seng index dropped 4.4% while Japan's Nikkei and India's Sensex were off 1.8% each. Mainland China's Shanghai stock exchange remained closed for a national holiday while, across the region, Australia's All Ordinaries fell 2.7%.