Asia's stocks fall amid slower economic recovery concern

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Source: Bloomberg
Asian equities decreased on Tuesday with the regional benchmark index falling for the second straight day mainly due to a fall of raw-material producers amid concerns that China's slower growth will curb the global economic recovery. The MSCI Asia Pacific Index fell 0.3% to 136.62 at 3:41 p.m. Tokyo time following a fall from the strongest level in a 20-month period yesterday.

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Tue, 16 Apr 2013 12:13:04 GMT

Dow retreats amid Chinese economic slow-down

U.S. blue chips plunged on Monday amid weak national and China's data. The National Bureau of Statistics in China announced a 7.7% GDP advance, less than 8% expected. The Dow Jones Index retreated 1.8% to 14,599.20 points. All the companies included in the gauge posted losses with Caterpillar Inc declining 3.3% to $82.27 as decelerating growth in China raised concerns

Tue, 16 Apr 2013 11:47:03 GMT

China's credit outlook downgraded to stable: Moody's

China's rating outlook was downgraded by the Moody's Investors Service from positive to stable as the country did not match expectations in making a progress in reducing latent risk associated with government debt and notable credit growth. However, the rating agency affirmed the Aa3 bond rating for the economy despite a downgrade of Fitch Ratings made last week.

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