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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Eurozone tremors rock Asian shares AFP - 41 minutes ago Send IM Story Print HONG KONG (AFP) - – Fears that the eurozone debt crisis will spread continued to take their toll on Asian markets Thursday, as stocks fell and the euro hovered near one-year lows following deadly riots in Greece. Violent demonstrations in Athens, where three people were killed in a bank firebombing, rattled investors who fear a 110-billion-euro (145-billion-dollar) EU-IMF bailout for Greece could prove insufficient Concerns are also mounting that the deal will fail to shield Spain and Portugal from crippling market pressures. Related article: Greek crisis steals show at ECB meeting Investors in Tokyo had their first chance to react to a recent global sell-off after a three-day national holiday, with the headline Nikkei index tumbling 3.27 percent, or 361.71 points, to close at 10,695.69. Markets in Seoul also returned from a holiday to open sharply lower, with the KOSPI off 1.84 percent in morning trade. Hong Kong was down 1.09 percent by the break after tumbling more than two percent Wednesday. Investors were also spooked by a warning from Moody's Investors Service on Wednesday that it could cut Portugal's Aa2 sovereign rating by up to two notches. "Greek neighbours are unlikely to let Greece default. But investors will likely remain wary as long as there are uncertainties over the country's fate and fiscal problems in other euro-zone economies," Kwak Joong-bo at Hana Daetoo Securities in South Korea told Dow Jones Newswires. Markets have increasingly lost confidence in the future of the eurozone, with the outlook worsening after deadly riots in Athens and fears that other European nations could face similar financial risks. Greece's president Carolos Papoulias called on the country to step back from the "edge of the abyss," after a day of often violent protests against the latest budget cuts and tax hikes. Related article: Deadly riots shake Greece The ailing euro hovered near 14-month lows in Asian trade as bargain buying halted its recent slide, but mounting eurozone debt worries continued to pressure the single currency, dealers said. The euro bought 1.2814 dollars in Tokyo morning trade, up from a 14-month low of around 1.2800 dollars in New York late Wednesday. The single European unit also edged up to 120.33 yen from 120.23 yen. Meanwhile Sydney gave up 2.16 percent, or 100.8 points, to close at 4,573.2, with investors continuing to sell off resources stocks following Prime Minister Kevin Rudd's announcement of a 40 percent tax on mining profits. Miner BHP Billiton ended 2.94 percent off while rival Rio Tinto fell 3.79 percent. Shanghai's composite index was 2.49 percent lower on fears of contagion from the Greek debt crisis as well as China's moves to cap lending on the mainland, while coal firms were sold on concerns over the Australian tax plan. China's central bank announced at the weekend it would raise banks' reserve requirement ratio by 50 basis-points, the third increase this year, as it tries to rein in lending amid fears of a property bubble and economic overheating. Singapore was down 0.77 percent. Asian markets took a weak cue from Wall Street where shares fell 0.55 percent Wednesday. In London the FTSE 100 index fell a further 1.28 percent with losses of 2.27 percent in Madrid, 3.9 percent in Athens, 1.27 percent in Milan and 1.52 percent in Lisbon. Oil was lower. New York's main futures contract, light sweet crude for delivery in June, fell 30 cents to 79.67 dollars and Brent North Sea crude for June delivery was down six cents to 82.55 dollars. Gold opened at 1,175.00-1,176.00 US dollars an ounce, up from Wednesday's close of 1,165.00-1,166.00 dollars. In other markets: -- Seoul closed 1.98 percent, or 34.04 points, lower at 1,684.71. -- Taipei fell 1.53 percent, or 117.42 points, to 7,579.48. Richtek Technology was 7.0 percent limit-down at 299.0 Taiwan dollars while MediaTek Inc, Taiwan's leading chip design house by revenue, lost 2.06 percent to 524.0. -- Manila fell 0.28 percent, or 9.02 points to 3,167.83. Top-traded First Gen Corp. was down 2.02 percent to 9.70 pesos while SM Prime Holdings was unchanged at 9.90 pesos. Metropolitan Bank and Trust Co. was up 4.08 percent. -- Wellington closed 0.95 percent, or 30.90 points, lower at 3,217.92. Exporter Fisher & Paykel Healthcare shed 1.1 percent to 3.53 New Zealand dollars and Telecom was flat at 2.15 Recommend Send IM Story Print Related Articles Nintendo's annual profit down 18 percent AP - 19 minutes ago India fuel prices stay high, keep pressure on rates Reuters - 32 minutes ago Bangkok Bank, CIMB Thai see Q2 loans higher than Q1 Reuters - 33 minutes ago India cbank sets coupon rate on FRB 2016 at 5.05 pct Reuters - 33 minutes ago Nintendo sees 12 pct fall in 2010/11 Wii sales Reuters - 36 minutes ago News Search Top Stories Greek unions call protests ahead of austerity vote Britons vote in closest election race for decades Greek crisis steals show at ECB meeting Freddie Mac asks for fresh 10.6 billion dollar bailout BP 'dome' carries hopes of averting oil catastrophe More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Lack of sleep linked to early death: study Euro falls under $1.29 BP 'dome' carries hopes of averting oil catastrophe Freddie Mac asks for fresh 10.6 billion dollar bailout Spain in eye of storm on Greek contagion fears More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype Lack of sleep linked to early death: study French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! 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