Economics
Asian Stocks Fall After U.S. Manufacturing Index Drops
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The MSCI Asia Pacific Index fell after the biggest rally in a month yesterday as data showed slowing U.S. factory activity and investors weighed prospects of recession in Russia.
The MSCI Asia Pacific Index fell less than 0.1 percent to 134.30 as of 7:32 p.m. in Tokyo after rising as much as 0.2 percent. The gauge rose 1.2 percent yesterday, the steepest advance since Feb. 21. Banks warned Russia’s economy is at risk as the world’s leading industrial powers threaten further sanctions to deter it from invading other parts of Ukraine after the annexation of Crimea.