Greece'S Referendum Led To Renewed Concern About &Nbsp; Nikkei 225 Index Opened 1.5%
The Nikkei 225 index opened on Wednesday (November 2nd).
Fall
The overseas stock market collapsed after a Greek referendum on the European rescue plan.
Investors had hoped that the rescue plan would solve the European sovereign debt problem.
The Nikkei 225 index opened down 1.5% to 8706.72.
The Tokyo stock index fell 1.4% to 744.22.
The US stock market crashed again on Tuesday (November 1st) after Greece's unexpected request.
European Union
A referendum on the rescue plan has caught investors unprepared and questioned whether the recent stock market rally will continue.
On the evening of 31 July, Greek Prime Minister Papandreou announced that he would hold a referendum on the rescue agreement reached by the government last week with the European Union.
The referendum is likely to take place in January 2012, bringing great uncertainty to Europe's efforts to control the debt crisis, especially exacerbating investor concerns about Italy's soaring borrowing costs.
Fitch Ratings said on Tuesday that if Greek citizens vetoed the rescue package, it would increase the risk of Greece's sovereign debt being disorderly defaulted, and Greece might quit the euro zone.
The guardian said the European leaders hoped to hold the G20 in from November 3rd to 4th.
Summit
While seeking support from other countries for the European Financial Stability Programme, the gloomy prospect of the Greek referendum has made it impossible for the leaders to reach an agreement.
As of 08:23 Beijing time, the Nikkei 225 index was 8668 points, down 168 points, or 1.90%.
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