Chinese Manufacturing PMI slows,Asian Markets on dip
Most Asian stocks fell Thursday as soft data from the U.S. and China reinforced concerns about the fragile global economic recovery.As June Manufacturing PMI of China slows to 57.3 from more than 2-yr high of 59.0 in May. Many markets extended morning losses with Japan and Australia taking a beating as investors cut their exposure to equities, and the euro lost ground.
Worries about a possible double dip for the global economy were fueled by U.S. data Wednesday.