Asian
stocks fell ahead of China inflation data, with the regional benchmark
index headed for a two-month low, as the cheapest iron-ore prices on
record weighed on commodity producers.
The
MSCI Asia Pacific Index fell 0.4 percent to 130.14 as of 9:01 a.m. in
Tokyo, poised for the lowest close since Oct. 6. The gauge extended its
2015 drop to 5.6 percent as oil lingered near its lowest level since
2009 and the decline in iron ore compounded concerns about slowing
growth in China. Data Wednesday is projected to show a 45th monthly
slide in Chinese producer prices after evidence of ongoing weakness in
Chinese trade weighed on global shares Tuesday.
Source: Bloomberg
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