Japanese stocks retreat on Yen

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Japanese stocks declined, with the Topix index snapping a two day winning streak, as exporters fell after the Japanese currency appreciated and on expectations that the Fed will start to scale back its stimulus in September. The Topix fell 1.7% to 1,151.82 at the Tokyo's close; however, the equity-benchmark has advanced 3.2% in the last two sessions, while the Nikkei 225 Stocks Average slid 2.1% to 13,752.94.
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Thu, 15 Aug 2013 13:10:00 GMT

European shares decline from 12-week high as Zurich slips

European shares declined from the highest level in 12 weeks as the Zurich Insurance Group and the Hennes & Mauritz slipped on posting disappointing data. Zurich Insurance dropped 3.3%after releasing second-quarter net earnings of $789 million, and H&M plummeted 1.1%. The Stoxx Europe 600 Index decreased 0.5% to 306.98. 

Thu, 15 Aug 2013 11:04:05 GMT

Asian shares drop on mixed earnings

Asian shares declined, halting the benchmark's MSCIA Asia Pacific Index six week streak of gains, on mixed corporate earnings in the region and on expectations that the Fed will start tapering in September. The MSCI Asia Pacific Index slid 0.7% to 135.09 at 6:11 p.m. Tokyo time, however, the equity-benchmark has risen 8% since June 25.

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