Asian stocks fell, led by a decline in Japanese shares as trading resumed after a three-day holiday.
The MSCI Asia Pacific Index decreased 0.4 percent to 137.44 as of 9:03 a.m. in Tokyo. The gauge slipped 2.5 percent in 2014, its first annual decline in three years, as commodity companies tumbled amid signs of slowing expansion in the region™s biggest economy. A Chinese factory index fell to an 18-month low in December, adding pressure on policy makers to do more to support growth.
Japan™s Topix index dropped 0.5 percent. South Korea™s Kospi Index slid 0.3 percent. Australia™s S&P/ASX 200 Index added 0.4 percent and New Zealand™s NZX 50 Index rose 0.1 percent. Futures on the Hang Seng Index fell 0.6 percent in their most recent trade, with cash markets in China and Hong Kong yet to open.
Futures on the Standard & Poor™s 500 Index fell 0.3 percent. The benchmark equity index fell less than 0.1 percent on Jan. 2 after a report showed U.S. manufacturing expanded less than forecast in December.
Source : Bloomberg