Stocks fell in Asia Tuesday as weak Japanese data illustrated the fragile recovery in the world’s second biggest economy, while dealers cautiously await key data out of the US and Tokyo.
And Chinese and Hong Kong stocks tumbled on growing fears over market sentiment after the last of China’s “big four” state banks priced its initial public offering in Shanghai below expectations.
The markets were given a poor lead from Wall Street due to uninspiring consumer figures, while the euro was sold on risk aversion caused by the falling shares.
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