Asian
stocks fell, led by Japanese shares, while the yen strengthened as data
on Chinese manufacturing and the U.S. economy inflamed concern over the
global slowdown. Crude oil and copper retreated as Australian bonds
climbed.
The
MSCI Asia Pacific Index lost 0.4 percent in a fourth day of declines by
9:49 a.m. in Tokyo, as Japan™s Topix index slipped 1 percent. Standard
& Poors 500 Index futures rose 0.1 percent. The yen, regarded as a
haven by some investors, touched its strongest level since Jan. 16,
while Korea™s won slipped. U.S. oil dropped 2.3 percent after surging at
the end of last week, while copper futures lost 0.8 percent and gold
retreated. Australian bond yields slid to records and the Aussie was
near a 5 1/2-year low before an interest-rate review on Tuesday.
Source: Bloomberg
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