Asian stocks decline on China's manufacturing survey

Source: Bloomberg
© Scanpix/Reuters
Asian stocks dropped after survey showed that China's manufacturing activity slowed at a faster-than-expected rate. The MSCI Asia Pacific Index retreated 0.1% to 137.07, deleting 0.2% of gains from earlier today. As of yesterday, the gauge had lost 4.9% of its value since May 20. Japan's Topix and Nikkei 225 dropped 0.2% and 0.3% respectively, while Hang Seng Index gained 0.2%. Shanghai Composite lost 0.5%
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Wed, 24 Jul 2013 12:19:05 GMT

Pound down as business optimism weaker

The British Pound depreciated versus the U.S. Dollar after a report showed a below-expectations increase in manufacturing optimism in the U.K. The Sterling dropped 0.1% to $1.5353 versus the Dollar at 11:03 a.m. GMT. It also was down 0.22% to 0.8619 against the Euro after data showing higher Purchasing Manager's Index in the Eurozone.

Wed, 24 Jul 2013 11:48:05 GMT

Gold jumps amid higher demand bets

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