Most Asian stock fall as U.S. manufacturing unexpectedly shrinks

Source: Bloomberg
© Scanpix/Reuters
Most Asian stocks declined as U.S. manufacturing unexpectedly contracted. The MSCI Asia Pacific Index lost 0.1% to 124.53 at 2:40 p.m. in Tokyo, with almost 5 shares declining for every 4 that gained. Australia's S&P/ASX 200 Index fell 0.6%, with the country's home-building approvals declining more than expected in October. South Korea's Kospi Index and Japan's Nikkei 225 Stock Average slipped 0.2%, while Hong Kong's Hang Seng Index and China's Shanghai Composite Index climbed 0.1%.
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Tue, 04 Dec 2012 07:37:32 GMT

Australia's current account deficit reaches A$14.900 billion in Q3

Australian Bureau of Statistics released data on a seasonally adjusted current account deficit of A$14.900 billion in the Q3 of 2012. The figure came against economists' projection of A$14.55 shortfall billion after deficit was revised downwards to A$12.369 billion in the Q2. The deficit on balance of goods and services rose to A$2.531 billion to A$4.645 billion. 

Tue, 04 Dec 2012 07:15:31 GMT

Aussie gains as RBA cut its key rate to 3%

The Australian Dollar strengthened versus all its major peers after the RBA cut the key interest rate from 3.25% to 3%, which was widely expected by economists. The Aussie Dollar gained 0.3% to $1.0449 at 2:57 p.m. Sydney time after falling 0.5% during the previous 3 sessions. The New Zealand Dollar rose 0.3% to 82.31 U.S. cents. 

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