HONG KONG (AP) - Asian stock markets fell today, led lower by mainland Chinese stocks hitting their lowest since 2009 as hopes dimmed of further stimulus from policymakers.
A report over the weekend that property prices in July rose slightly indicated the property market was benefiting from recent interest rate cuts. But investors were still downbeat about prospects for further big stimulus measures, which are often announced on weekends or holidays.
Investors this week are also watching Greek Prime Minister Antonis Samaras' visit to Germany and France, where he is expected to ask for an extension on Greece's deadline to meet fiscal targets as it carries out painful reforms.
A senior German politician said over the weekend that Greece doesn't have any wiggle room.
Benchmark crude oil rose and was above $96 a barrel. The dollar fell against the euro and the yen.
First Coast News