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Showing posts with the label Asian stocks end lower as yen pulls on Nikkei.

Asian Markets at Close Report by MarketWatch October 23, 2013: Asian Stocks End Lower as Yen Pulls on Nikkei.

By Daniel Inman  Asian markets fell Wednesday, with a stronger yen pulling Japanese stocks sharply lower, as the region reacted badly to a disappointing U.S. labor market report.  The September U.S. jobs report provided an unclear outlook for the world’s largest economy, increasing market expectations the Federal Reserve will keep its bond-buying program in place.  Bloomberg Enlarge Image Tokyo Electron shares ended unmoved Wednesday. Fears of the Fed removing its easy-money policy resulted in a volatile summer for Asian markets, especially in Southeast Asia, and nonfarm payrolls were watched intensely as a possible forecast of the central bank’s intentions. The worse-than-expected jobs reading overnight reinforces the idea that stimulus will remain unchanged until next year.  Although the region started the day slightly higher, stocks gradually