Asian Shares Fall After Paris Terrorist Attacks, Japan GDP Decline

Asian shares fell after the terrorist attacks in Paris over the weekend and Japan returned to recession. Japan's Nikkei dropped more than 1 percent after the government announced Monday morning that July-September GDP fell 0.8 percent. That was more than the 0.2 percent expected by economists, putting the country back in recession after a 0.7 percent decline in the second quarter.

Hong Kong's Hang Seng fell 1.4 percent, while Korea's KOSPI Index and Australia's ASX200 both slipped about 0.9 percent.

“There is no doubt that the attacks in Paris will contribute to short-term investor nervousness,” Bloomberg reported Shane Oliver, Sydney-based strategist at AMP Capital Investors Ltd., as saying. “I think history will repeat itself. It will just be a short selloff in response to the Paris attacks.”