Asian shares down on EU debt concerns

Asian stocks opened lower on Monday after Wall Street fell on a European Central Bank board member's resignation and the bank's monetary policy shift to a neutral bias stance.

Japan's benchmark Nikkei average fell 2.34 per cent to 8,533.26, while the broader Topix dropped 2.14 per cent to 739.52.

Australian stocks lost ground on growing concerns over the European debt crisis and global growth.

South Korean bourse is closed for public holiday today.

The Nation