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Asian markets fall as weak US data hits investor morale
Published: 2nd Jun 2011 02:42:43
Asian shares fell on Thursday as weak economic data from the US raised concerns about a slowdown in the global economic recovery.
Japan's benchmark Nikkei 225 index fell 1.7%, while Australian shares slipped 2%.
Wall Street shares registered their biggest fall in 10 months, with the Dow Jones Industrial Average falling 2.2%.
Markets also reacted negatively to the news of a no-confidence motion against Japan's prime minister Naoto Kan.
Source:
BBC NewsExternal LinkShow Citation
Harvard Citation
BBC News, 2011. Asian markets fall as weak US data hits investor morale. [Online] (Updated 02 Jun 2011)Available at: http://www.manchesterwired.co.uk/news.php/158649-Asian-markets-fall-as-weak-US-data-hits-investor-morale [Accessed 22nd May 2013]
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