Asian stocks fell, led by a decline in Japanese shares as trading resumed after a three-day holiday.
The
MSCI Asia Pacific Index decreased 0.4 percent to 137.44 as of 9:03 a.m.
in Tokyo. The gauge slipped 2.5 percent in 2014, its first annual
decline in three years, as commodity companies tumbled amid signs of
slowing expansion in the region™s biggest economy. A Chinese factory
index fell to an 18-month low in December, adding pressure on policy
makers to do more to support growth.
Japan™s
Topix index dropped 0.5 percent. South Korea™s Kospi Index slid 0.3
percent. Australia™s S&P/ASX 200 Index added 0.4 percent and New
Zealand™s NZX 50 Index rose 0.1 percent. Futures on the Hang Seng Index
fell 0.6 percent in their most recent trade, with cash markets in China
and Hong Kong yet to open.
Futures
on the Standard & Poor™s 500 Index fell 0.3 percent. The benchmark
equity index fell less than 0.1 percent on Jan. 2 after a report showed
U.S. manufacturing expanded less than forecast in December.
Source : Bloomberg
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