Asian stocks retreat after companies report lower full-year forecasts

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Source: Bloomberg
© Scanpix AP
Today Asian stocks faced decline, from which the biggest drop had for Japan's Topix index of 0.9%, while the MSCI Asia Pacific Index retreated 0.3%.The Sony Corp. tumbled 11%, thus having the biggest fall in five years, after their full-year profit forecast decreased 40%. The NTT Data slipped 4.8%, after announced lower full-year forecasts. Panasonic Corp. gained 6.2%, thus having five day winning streak.
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Fri, 01 Nov 2013 10:23:04 GMT

Aussie advances on China recovery signs

Australia's Dollar advanced against its major peers, after China announced increase in manufacturing activity. Improvement of China's economy is especially good for Australians, because most of their exports goes to China. The Aussie surged 0.44% against the Eurozone's currency and 0.33% versus the U.S. currency, however the Australian Dollar is still set for 1.1% weekly drop against the U.S. currency.

Fri, 01 Nov 2013 08:41:06 GMT

Yen surges as stocks drop

The Japanese Yen appreciated against all of it's 16 major counterparts, after a decrease in stocks led to a change in investors attention for safe-haven currency. The Yen had most significant advance of 0.59% versus the shared currency, thus reaching the highest level in three-weeks, after reported that Eurozone had record-high unemployment rate in September. The Yen also advanced 0.37%

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