Most stock markets in Asia fell as U.S. and Chinese officials familiar with the situation said the two countries have failed to narrow the gap around structural reforms to China’s economy that the U.S. has requested. China was among the biggest decliners after data showed a further slowdown in factory inflation, which could weigh on earnings growth. Hong Kong, South Korea and Japan’s Nikkei 225 Stock Average also slipped more than 1 percent.
MSCI Asia Pacific Index down 0.9%. Japan’s Topix index down 0.8%; Nikkei 225 down 1.1%. Hong Kong’s Hang Seng Index down 1.9%; Hang Seng China Enterprises down 2.1%; Shanghai Composite down 1.4%; CSI 300 down 1.9%. Taiwan’s Taiex index down 0.2%.
Source : Bloomberg