NEW YORK (
) -- Asian stocks closed lower Monday and European shares were down after
was charged with fraud by the
Securities and Exchange Commission
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
-- Reported by Joseph Woelfel in New York.
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