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View the article online at http://citywire.co.uk/wealth-manager/article/a756453

Overnight Markets: US stocks down after World Bank cuts forecast

by Himanshu Singh on Jun 12, 2014 at 04:35

The MSCI Asia Pacific Index dropped 0.6% to 144 as of 9:47 a.m. in Hong Kong. Japan’s Topix index lost 0.8%, heading for its biggest decline in almost a month. South Korea’s Kospi index declined 0.2% after the nation’s central bank left its key interest rate unchanged.

Taiwan’s Taiex index retreated 0.4% and Singapore’s Straits Times Index was little changed. Hong Kong’s Hang Seng Index slipped 0.5%, while China’s Shanghai Composite Index lost 0.2%.

Australia’s S&P/ASX 200 Index dropped 0.5% after employment unexpectedly declined in May.

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