Asian stocks fluctuated after Spain's credit rating cut

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Source: Bloomberg
Asian stocks fluctuated after Standard & Poor's cut Spain's debt rating and as Japan's machinery output declined after data showed orders decreased. The MSCI Asia Pacific Index lost 0.2% to 120.45, after gaining 0.1%. South Korea's Kospi Index fell 0.9% and Japan's Nikkei 225 Stock Average plummeted 0.7%. China's Shanghai Composite Index decreased 0.3% and Hong Kong's Hang Seng Index gained 0.2%.
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Thu, 11 Oct 2012 07:27:06 GMT

Australia jobless rate soars more-than-expected

Australia's jobless rate climbed to a seasonalized 5.4% in September, the Australian Bureau of Statistics showed on Thursday. Economists expected a reading of 5.3%, while last month figure was at 5.1%. However, Australian economy increased the number of jobs by 14,500 in September, way above previous estimates of 5,000 jobs after a decline of 8,000 jobs in August.

Thu, 11 Oct 2012 07:05:07 GMT

Yuan rose beyond 6.28 per greenback first time since 1993

China's currency strengthened beyond 6.28 per U.S. Dollar for the first time since 1993 on speculation officials will take steps to ensure a recovery of the nation's economy and as the central bank increased the Yuan's fixing by the most in 7 weeks. The currency's reference rate was set 0.09% stronger, the most since August 22, to 6.3391 versus the

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