Asian stocks witness downward trend

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Asian stocks witness downward trend

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16 July,2010 04:14 pm

Bearish trend witnessed in Asian markets as Yen goes up against other currencies. Morgan Stanley Asia Pacific Index fell by 1 percent to 115 points, while Japans Nikkei Index loses 1.12%. The S&P Futures Index declined by 0.84 percent while Hang Seng loses 0.6 percent 348 points. Yen gained 1.6 percent against dollar in a week.