Tue, 24 Jul 2012 05:36:37 GMT
Asian stocks tumbled as China's economy decelerates
Soon
after the Chinese central bank lowered its forecast for nation's economic
growth, Asian markets slipped down, already for a second day in a row. The MSCI
Asia Pacific Index tumbled 1.9 per cent to 114.48; Hang Seng Index declined 3 per cent, Shanghai Composite Index erased 1.3 per cent. On the top of that Japan's
Nikkei 225 Stock Average dropped by 1.9 per