Goldman Suit Pushes Global Stocks Down

Asian stocks closed lower Monday and European shares were down after Goldman Sachs was charged with fraud by the Securities and Exchange Commission on Friday.
Author:
Publish date:

NEW YORK (

TheStreet

) -- Asian stocks closed lower Monday and European shares were down after

Goldman Sachs

(GS) - Get Report

was charged with fraud by the

Securities and Exchange Commission

on Friday.

Asian markets also fell after China took additional steps to corral real estate prices.

The Nikkei 225 stock average in Tokyo fell 1.7% and Hong Kong's Hang Seng index dropped 2.1%.

In China, stocks plunged 4.8% -- their biggest fall in eight months -- after the government announced more moves over the weekend to level off housing prices.

Stocks in London and Frankfurt were trading down Monday by 0.6%.

Premarket futures in the U.S. suggest stocks will open lower Monday in New York after they fell Friday on news the SEC charged Goldman Sachs with

fraud

.

-- Reported by Joseph Woelfel in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.