Dismal information drags down Asian stocks

01/30/2009 | MarketWatch

Poor economic data and earning estimates dragged down Asian markets today. Japan reported that its December industrial output was down 9.6%, causing a ripple effect. The country's Nikkei 225 Average dropped 3.3%, while Australia's S&P/ASX 200 slipped 0.7%. New Zealand's NZX 50 Index inched down 0.2%, Hong Kong's Hang Seng Index lost 1.4% and Singapore's Straits Times Index fell 1.2%.

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