The Traderszone Network

Published in TZ Latest News 7 October, 2014 by The TZ Newswire Staff

Asia shares skid, bonds benefit on global growth worries

Asian stocks fell on Wednesday as worries about waning global growth lifted safe-haven bonds and the yen, while shoving oil prices to their lowest in more than two years. Government bonds were in big demand as investors wagered global inflation would continue to slow and even put off the day when U.S. In Asia, Japan’s Topix (.TOPX) shed 1.5 percent while the Nikkei (.N225) dropped 1.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8 percent, while Australia’s main index (.AXJO) lost 0.7 percent.