Thursday, November 8, 2012

Asian Stocks Decline as China Begins Congress on New Leadership

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Asian Stocks Decline as China Begins Congress on New Leadership
2012-11-08 00:05:17.757 GMT


By Adam Haigh
Nov. 8 (Bloomberg) -- Asian stocks fell as investors
focused on the U.S. budget debate and as China's Communist party
began its meeting to decide its fifth generation of leaders
since taking power in 1949.
The MSCI Asia Pacific Index lost 0.6 percent to 122.67 as
of 9:03 a.m. in Tokyo, before markets opened in China and Hong
Kong. The gauge gained 13 percent through yesterday from this
year's low on June 4 as central banks added stimulus amid a
slowdown in global economic growth and the European debt crisis.

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