Asia Stocks Drop on Paris Attacks as Japan Falls Into Recession
- Attacks are Europe's worst terror incident in more than decade
- Japan’s economy contracts as business investment falls
Why the Markets Remain Resilient After Paris Attacks
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Asian stocks fell toward the lowest level in six weeks after Europe’s worst terror attack in a decade and as data showed Japan’s economy fell back into a recession.
The MSCI Asia Pacific Index declined 1.2 percent to 130.59 at 7:58 p.m. in Hong Kong, as every industry group retreated. Japan’s Topix index lost 0.9 percent as data showed weakness in Japanese business investment and shrinking inventories drove the economy’s contraction. Investors are assessing the impact of the Paris attacks on Europe’s economy at a time when global output is already weakening and an equity rally is showing signs of stagnating.