
U.S. shares closed lower, dropping over 1 per cent amid concerns over impacts of euro debt crisis on global economy.
Dow Jones industrial average continues a two-week slide that has shaved off nearly five per cent of its value. The Dow closed down 63 points at 12,632; S&P 500 slipped 8 points to 1,331, while Nasdaq lost 9 points at 2,894.