Asian stocks depreciate after a seven-week rally

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Source: Bloomberg
The MSCI Asia Pacific Index was lower by 0.3% to 131.56 point in the end of Tokyo trading session on Monday. The benchmark for regional stock indexes retreated for the first time in last five days after it posted a seventh consecutive weekly gain. Analysts say that it is some profit taking point, but the general tendency remains positive, as Chinese economy is recovering and the fiscal cliff issue has been solved at least in a short term.
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