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Asia stocks down as China factory output slips

May 22, 2013 • Business


A visitor takes a picture of an electronic stock board on the Tokyo Stock Exchange in Tokyo, Wednesday, May 22, 2013. Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official’s comments that the U.S. central bank should stick with its super-easy monetary policy. (AP Photo/Itsuo Inouye)

BANGKOK (AP) — Asian stock markets fell Thursday, weighed down by a contraction in China’s manufacturing that adds to signs a shaky recovery in the world’s No. 2 economy is slowing.

HSBC Corp. said its preliminary Purchasing Managers Index fell to a seven-month low of 49.6 in May from April’s 50.4. Numbers below 50 indicate that activity is contracting. Analysts had expected a slight decline to Login to read more

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