Another sign :
"March 23 (Bloomberg) -- Asian stocks dropped after manufacturing contracted more than economists forecast in the euro-area, dimming the outlook for global economic growth and Asian exports.
Nintendo Co., a manufacturer of game consoles that gets a third of its sales in Europe, slid 2.5 percent in Osaka. BHP Billiton Ltd., Australia’s biggest oil producer and the world’s largest mining company, lost 1.4 percent in Sydney after metal and oil prices fell yesterday. QR National, an Australian rail freight company, sank 3.5 percent after revising its full-year earnings guidance.
The MSCI Asia Pacific Index declined 0.6 percent to 126.12 as of 9:27 a.m. in Tokyo, headed for a 1.4 percent drop for the week. Japan’s Nikkei 225 Stock Average slid 1 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi Index slipped 0.4 percent.
To contact the reporters on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net ; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net . "
Steven Morris CA (SA)
Mobie : 083 943 1858
Fax: 086 671 2498
E-Mail: steven@global.co.za
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