Bears dominate at Asian stocks

Bearish trend was witnessed in Asian markets on bad news from Japanese engineering sector. Morgan Stanley Asia Pacific Index fell by 1 percent, while Japans Nikkei Index loses 2.3 percent. The S&P Futures Index declined by 0.84 percent while Hang Seng loses 0.4 percent. Decease of $0.52 in crude price was also witnessed during the trading session.