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European elections plunge Asian markets into doubt

A man speaks on a mobile phone in front of a securities firm's electronic stock board in Tokyo
A man speaks on a mobile phone in front of a securities firm's electronic stock board in Tokyo Credit: AP Photo/Shizuo Kambayashi

Asian stock markets were pummelled Monday by weekend election results in Greece and France that heightened uncertainty about Europe's ability to solve its debt crisis.

Japan's Nikkei 225 index plunged 2.6% to 9,134.26

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Le Pen refuses to endorse presidential candidate

National Front leader Marine Le Pen Credit: ITV News

The French far-right leader Marine Le Pen has addressed a rally in Paris. She told her voters to make their own choice in the May 6th presidential election runoff. The two leading candidates - Nicolas Sarkozy and François Hollande - have been competing for the votes of her supporters.

Marine Le Pen addressing crowds in Paris Credit: ITV News

Marine Le Pen supporters rally in Paris

National Front supporters in Paris Credit: James Mates/ITV News

Supporters of Marine Le Pen's National front party are rallying in the streets of Paris.

The far-right party picked up 18% of votes in the first round of France's general election.

Whilst not enough to give Le Pen a serious chance of the winning the election, it has bestowed "kingmaker" status on her as the two leading candidates - Nicolas Sarkozy and François Hollande - vie for the votes of her supporters.

Young supporters of the far-right leader Marine Le Pen Credit: James Mates/ITV News

Le Pen has promised to pass judgement on the second round of the election at her traditional May Day rally at the statue of Joan of Arc in Paris later today.

She is expected to call on supporters to abstain from voting rather than endorsing either of her political rivals.

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Nicolas Sarkozy: 'National Front voters must be respected'

France's President Nicolas Sarkozy
France's President Nicolas Sarkozy, gestures as he delivers a speech during a campaign meeting in Saint Cyr sur Loire Credit: AP Photo/Michel Euler

French President Nicolas Sarkozy has appealed directly to far right voters with pledges to get tough on immigration and security, after the National Front's record showing in a first round election made them potential kingmakers.

Mr Sarkozy told reporters outside his campaign headquarters: " National Front voters must be respected. They voiced their view. It was a vote of suffering, a crisis vote. Why insult them?"

Francois Hollande slams Nicolas Sarkozy at a campaign rally

French presidential election candidate Francois Hollande
French presidential election candidate Francois Hollande waves to supporters during a campaign rally Credit: AP Photo/David Vincent)

The frontrunner in the French presidential elections Francois Hollande has slammed President Nicolas Sarkozy at a campaign rally in Quimper, western France.

Mr Hollande told supporters: "The outgoing candidate, he always succeeds in convincing himself, through others. It reassures him. He does it by himself. And yesterday, he tried to make out what was a failure, to be a success.

"He was happy. He is like that. He also thinks his term was a success. More than 73 percent of the French think the opposite. But he continues to think that he must go on."

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