Bearish spell hit Asian stocks

Bearish spell prevailed in Asian stocks today. Rise in unemployment in Japan and decrease in Chinas GDP cast a negative impact on the markets. Asia pacific MSCI Index is decreased by 1 percent, while Nikkei Index lost 124 points and Hang Seng shed around 222 points. Shanghai Composite Index lost 3.7 points whereas South Korean Index is down by 3 percent.