Asian stock bearish

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Asian stock bearish

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11 May,2010 12:59 pm

Bearish trend again started haunting the Asian stocks, despite the $100billion bailout package for Greece.Asia Pacific MSCI Index lost 9 percent; Japan shed 1.26 percent. Topix Index lost 1.45percent and Hang Seng shed 1.42 percent. Euro is also down against dollar whereas Chinas increasing inflation impact negatively on the markets.