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Asian stock declined due to a yesterday’s disappointing trading session on Wall Street. The World Bank’s cut of the economic global forecast weighed on U.S. markets. The World Bank lowered its global growth forecast to 2.8% from an earlier estimate of 3.2% due to a weaker outlook for the U.S., Russia and China.
Japan’s core machinery orders dropped 9.1% in April, after a 19.1% gain in March. Analysts had forecasted a 10.8% decline.
On a yearly basis, the core machinery orders in Japan climbed 17.6% in April, after a 16.1% rise in March.
Indexes on the close:
Nikkei 225 14,973.53 -95.95 -0.64%
Hang Seng 23,175.02 -82.27 -0.35%
Shanghai Composite 2,051.71 -3.24 -0.16%
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