Asian-Pacific stock indices are bearish today. They may even reach their 4-month lows. There are number of reasons for the decline, including lower oil prices, and poor economic stats from Japan and China.
· MSCI Asia Pacific has dropped by 0,7% down to123,37
· Nikkei 225 has lost 1,4% of its value
· Kospi - 0,5%
· S&P/ASX 200 and Hang Seng -0,5%
Those poor economic reports have affected some stocks, including Rio Tinto (- 1,7%), HP Billiton (-1,6%) and Fortescue Metals Group Ltd (- 3%).
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
