May 22, 2012

Asian shares wobbly due to jitters on Europe

Asian shares wobbly due to jitters on Europe

photoTOKYO (Reuters) – Asian shares wobbled on Thursday as doubts deepened about Europe’s ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank’s bond buying role. The focus of concern is shifting to difficulties in securing funds from money markets, where strains are intensifying due to rising government borrowing costs that have made financial institutions reluctant to buy sovereign bonds and lend to each other for fear of counterparty exposure to euro zone debts. …