Asian
stocks fell for a third day, with the regional benchmark index heading
for a two-week low, amid prospects Russia will be subject to new
sanctions as tensions over Ukraine intensify.
The
MSCI Asia Pacific Index lost 0.3 percent to 137.73 as of 9:01 a.m. in
Tokyo. The gauge dropped 0.7 percent last week after preliminary Chinese
manufacturing data signaled persisting weakness in the world��s
second-largest economy. The U.S. and European Union will impose new
sanctions on Russia as soon as today as the crisis in Ukraine escalates
amid the detention of international observers by pro-Russian
separatists.
Japan��s
Topix index fell 0.9 percent. The nation��s retail sales rose 6.3
percent in March from February, beating analyst estimates. South
Korea��s Kospi index declined 0.1 percent. Australia��s S&P/ASX 200
Index slipped 0.1 percent, while New Zealand��s NZX 50 Index lost 0.4
percent as both markets resume trading following a long weekend. Markets
in China and Hong Kong have yet to open.
Copy Source: Bloomberg
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