Asian stocks show downward trend

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Asian stocks show downward trend

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Most Asian stocks fell amid concern US lawmakers will fail to reach a deal on the debt limit.

19 July,2011 07:26 pm

Japan’s Nikkei 225 Stock Average fell 0.9 percent. China’s Shanghai Composite Index slipped 0.7 percent. Australia’s S&P/ASX 200 Index lost 0.1 percent. Hong Kong’s Hang Seng Index climbed 0.5 percent, erasing losses of as much as 0.9 percent. South Korea’s Kospi Index was little changed after swinging between gains and losses at least eight times.