Thu, 09 Jan 2014 14:07:04 GMT
Asian shares drop after China producer prices prolonged decline
Asian shares retreated as China's producer prices prolonged the longest streak of losses since Asia's financial crisis. The MSCI Asia Pacific Index slid 0.7% to 138.88 at 9:53 p.m. Tokyo time; however, the equity-benchmark rose 1% on Wednesday, the biggest climb since November 18. Japan's Topix index slipped 0.7%, while the Hong Kong's Hang Seng Index dropped 0.9%.