The Traderszone Network

Published in TZ Latest News 2 July, 2015 by The TZ Newswire Staff

Asian stocks slip as China rout intensifies, dollar weak

Asian stocks fell on Friday as China’s stocks plunged and growing caution before Greece’s weekend referendum prompted investors to cut risky bets, while disappointing U.S. employment data weighed on the dollar. The rout in China’s stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen’s stock markets. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1 percent in early trading while Japan’s Nikkei stock index (.N225) slipped 0.4 percent, positioning it to shed more than 1 percent for the week.