Asian stocks drop on China's service sector

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Source: Reuters
The majority of Asian shares declined on Monday falling towards the lowest level in three weeks after a government report showed that China's service sector decreased steeply suggesting that the country's economy may lost its momentum. The MSCI Asia-Pacific gauge outside Japan slipped 0.8% after dropping 1.1% on Friday.

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Mon, 06 Jan 2014 09:10:05 GMT

Yen rises versus U.S. Dollar and Euro as Japan's stocks fall

The Japanese Yen strengthened on Monday trading session rebounding from the lowest level in five years against the U.S. Dollar and the Euro as Tokyo stocks declined creating an inverse correlation with local currency. The Yen rose 0.5% to 104.38 per U.S. Dollar after reaching a five-year peak at 105.45 on Thursday and it traded at 141.79 per Euro.

Fri, 03 Jan 2014 12:51:09 GMT

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