Asian stock markets sink after Greece closes banks

June 29, 2015 3:30 AM

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BEIJING (AP) — Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.

Oil prices declined and the euro edged down against the dollar after Athens announced the moves to stanch the flow of money out of Greek banks and put pressure on creditors to offer concessions before a bailout program expires Tuesday.

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