Asia stocks mostly decline on Japan losses

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Source: Marketwatch
© Scanpix/FP
Asia stocks inched mostly lower on Wednesday, lead by a sharp decline in Japanese stocks, with technology and steel industries slipping due to rising concerns over global growth and earnings. The Nikkei slid 1.8% to prolong a 2.8% fall this week. The Kospi dropped 1.1%, while the S&P/ASX 200 slipped 0.3%. The Hang Seng retreated 0.2%, but the Shanghai Composite added 0.1%.
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Wed, 10 Oct 2012 07:41:07 GMT

Dollar Index rebounds to over 80 mark

The U.S. Dollar Index increased on Wednesday to rebound to over the 80 mark for the first time in a month as traders once again expressed preference for safe-haven assets. The ICE dollar Index advanced to 80.140, compared to 79.973 yesterday. The rise was lead by yesterday's gains, as well as a decline of the Euro. On Wednesday, the common

Wed, 10 Oct 2012 10:03:10 GMT

Silver slumped on strong greenback

Precious metals tumbled on global growth concerns. Moreover, disappointing news from Eurozone sent the greenback higher thus pushing the precious metals down. Mario Draghi stated that the region's economy faces difficult times. Gold lost its safe-haven appeal, falling 0.58% on high risk-aversion amid global economic challenges. Solid greenback also weighted down on the yellow metal. Silver declined on weak global equities

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