Bearish spell hit Asian stocks

Updated on

08 Sep 10, 16:09:17 PKT

Summary

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 2 percent, while Nikkei Index shed 2.2 percent. Hang Seng lost around 1.2 points. Yen is 15-year high and caused serious loss to the Japanese companies.