Asian stocks down on weak China data, Europe concerns

Note: This section contains information in English only.
Source: The Wall Street Journal
Most Asian markets lost ground on Thursday after weak data from Chinese manufacturing sector and fruitless EU summit. The euro touched its 22-month low of USD 1.2545, as European leaders took opposite stances on the euro zone debt crisis. During Asian trading the price stabilised at USD 1.2582. Japanese companies with strong ties to the EU fell behind the Nikkei which fell 0.5%. The U.S. dollar lost 0.6% versus yen. China markets tumbled as HSBS reported a preliminary purchasing managers index of 48.7, which signifies a contraction and deterioration of the economy. Hong Kong's Hang Seng Index fell 0.6% and the China Shanghai SE Composite lost 0.3%. Oil gained 0.6% to USD90.45.

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