Asian shares declined as investors shrugged off some data amid
Japan's CPI rose 0.7% from a year earlier, matching the forecast
from a Dow Jones Newswires survey, and little changed from August's
South Korea's GDP rose a seasonally adjusted 1.1% in Q3 from the
previous quarter, when the economy grew at the same pace, the Bank
of Korea said. That is the strongest pace since Q111, when the
economy grew 1.3% on quarter and topped forecasts.
Rate worries in China continued to weigh on sentiment as money
market rates remained high.
In earnings news, Posco (
) cut its 2013 sales outlook.
China Unicom (
) reported a 51% increase in Q3 net profit.
) lowered its full-year net profit forecast to 240 billion yen from
a previous estimate of 260 billion yen set in July.
The Nikkei ended down 2.75% at 14,088.19, the Hang Seng down
0.6% at 22,698.34 and the Straits Times down 0.39% at 3,205.24.
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