Asian stocks tumbled as China's economy decelerates

Note: This section contains information in English only.
Source: Bloomberg
Soon after the Chinese central bank lowered its forecast for nation's economic growth, Asian markets slipped down, already for a second day in a row. The MSCI Asia Pacific Index tumbled 1.9 per cent to 114.48; Hang Seng Index declined 3 per cent, Shanghai Composite Index erased 1.3 per cent. On the top of that Japan's Nikkei 225 Stock Average dropped by 1.9 per cent, pushing Japanese yen to a 11-year high versus the shared currency.

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