Asian shares decline amid slowing growth in China

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Source: Bloomberg
© Scanpix/Reuters
Asian share prices declined due to worse-than-expected China's service industry data and due to an overnight decrease in metal prices. The MSCI Asian Pacific Index dropped 1.3% to 129.80 as China's economy is slowing and might miss government's target of 7.5% growth. Hang Seng Index slid 1.9%, while Shanghai Composite lost 1.5%. Investors are waiting for U.S. labor market data to be announced on June 5.
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