Panasonic loss forecast leads Asian stocks to fall

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Source: Bloomberg

Asian stocks tumbled after Panasonic Corp. plunged 19%, reaching its biggest drop since 1974. The MSCI Asia Pacific Index declined 0.3% to 121.67. The index showed a 0.4% drop in September after the majority of companies posted lower than expected corporate earnings.  South Korea's Kospi index fell 0.7%, and Taiwan's Taiex index plunged 0.3%.

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Thu, 01 Nov 2012 10:05:06 GMT

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