Asian equities fall for the fourth day

Asian stocks fell for the fourth straight day on financial firms, a drop in Australian business confidence and economic slowdown in China. The MSCI Asia Pacific Index slid 0.7% to 199.94, resulting in a quarterly decline of 2.1%. Japan's Nikkei 225 stock average lost 0.3% today, after earlier surge of 0.5% on yen's appreciation.The Hang Seng index also slumped 0.1% as Chinese shares in Hong Kong city were sold off.