Asian stocks mostly fell, with Japan hurting from a stronger yen
against the US dollar. But overall, trade was cautious ahead of the
key US monthly jobs report, due out Friday.
If the jobs report is much stronger than expected, like the one
for October, investors fear the Fed may begin to taper its
bond-buying program sooner rather than later.
Around the region, Australia's economy grew a
slower-than-expected 0.6% in Q3 from the previous three months.
Forecasts were for 0.8% growth.
Chinese President Xi Jinping said the environment for economic
and social development next year isn't optimistic. China may set
its 2014 gross domestic product growth target at 7%, down from 7.5%
this year, the Economic Information Daily said Tuesday, citing
research groups, according to Bloomberg.
Companies linked to Shanghai's Free-Trade Zone getting a boost
after the People's Bank of China in the city said that the zone
reforms will be launched in the next three months.
North Korean leader Kim Jong Un's uncle Jang Song Thaek may have
been dismissed as vice chairman of the National Defense
In ADR news, Hanwha Solarone Co Ltd. (
) signed a memorandum of understanding to form a long-term
strategic partnership with Jiangsu Zhongtian Technology Co., Ltd in
the photovoltaic (PV) downstream business in China. The two
companies aim to cooperate in the development, construction,
financing and grid-connection of PV projects. Jiangsu intends to
use PV modules manufactured by Hanwha SolarOne in its permitted 150
MW distributed energy project in Nantong, Jiangsu Province,
The Nikkei ended down 2.17% at 15,407.94, the Hang Seng down
0.76% at 23,728.70 and Shanghai up 1.31% at 2,251.76.
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