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Nikkei Asia300 Index slides as Italy referendum saps risk appetite

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  © Reuters

MUMBAI (NewsRise) -- Asian stocks extended losses Monday, as investors turned risk averse after Italian Prime Minister Matteo Renzi resigned following a harsh defeat in a constitutional reform referendum, a fresh blow to the European Union a few months after Britain voted to leave the 28-member bloc.

The Nikkei Asia300 Index fell 0.3% to 1,040.05 Monday, down 2.8 points. China Vanke, China Mobile and Samsung Electronics contributed heavily to losses on the gauge, while India's ITC and Maruti Suzuki India rebounded.

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