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China, Japan lead Asian stocks lower

By , on February 7th, 2013

<!– google_ad_section_start –> HONG KONG (AP) — Most Asian stock markets retreated Thursday, led by declines in Japan that followed a huge rally and China, which was preparing to shut down for a weeklong holiday. Japan’s Nikkei 225 fell 1.1 percent to 11,340.02 as investors cashed in their gains after the benchmark rose to its highest since Sept. 2008 in the previous session. The rally was sparked by the weakness of the yen, which hit a three-year low against the dollar. The yen regained some strength on Thursday, with the dollar buying 93.46 yen, down from 93.68 yen the day before.

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China, Japan lead Asian stocks lower

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