Asian shares fall from nine-month high on weak U.S. data: SINGAPORE (Reuters) - Asian shares slipped on Tuesday

Asian shares fall from nine-month high on weak U.S. data

reuters.com 04 Dec '12, 4am

Asian shares fall from nine-month high on weak U.S. data: SINGAPORE (Reuters) - Asian shares slipped on Tuesday

By Masayuki Kitano SINGAPORE | Mon Dec 3, 2012 11:26pm EST SINGAPORE (Reuters) - Asian shares slipped on Tuesday after a plunge in U.S. manufacturing activity hit American stocks and the dollar, while the euro hovered near a six-week high on optimism over Greece's plan to buy back debt. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.3 percent to 450.79, backing away from a nine-month high reached on Monday. Australian shares .AXJO eased 0.5 percent, while Japan's benchmark Nikkei share average fell 0.2 percent, declining further from a seven-month intraday high of 9,525.82 struck on Monday. The losses in Asian stock markets were suggestive of some caution after gains in the past few weeks, with some of the negative bias seeping over from weakness in the American economy and continued gridlock in the U.S. Congress over proposals to avert a f...

Full article: http://www.reuters.com/article/2012/12/04/us-markets-glob...

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