04 May '11, 7am

REFILE-GLOBAL MARKETS-Asia stocks, metals prices fall as risk reduced

* MSCI world equity index down 0.4 pct at 353.55 * European shares follow Asia lower; U.S. stock futures down * Portuguese yields fall after 78 bln euro bailout LONDON, May 4 (Reuters) - World stocks dropped further from recent three-year highs on Wednesday as falling commodity prices and concerns about signs of economic slowdown in China prompted investors to scale back risky positions. Portuguese bond yields fell after the country agreed a three-year 78-billion-euro ($116 billion) bailout with the European Union and IMF on Tuesday, becoming the third euro zone country in a year, after Ireland and Greece , to seek financial aid. [ID:nLDE7420RT] This week's 14 percent plunge in silver prices and a lower-than-forecast manufacturing growth reading in China have made investors nervous about holding big bets ahead of the European Central Bank meeting on Thursday and the April ...

Full article: http://sg.news.yahoo.com/global-markets-asia-stocks-fall-...

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