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Asia stocks down on US manufacturing report

Bangkok (AP) - A weaker than expected the United States manufacturing report sent down Asian stock markets on Tuesday.
The United States manufacturing atrophy in November in 2009 to its lowest level since July. Institute for supply management said Monday, the production conditions of the index from October 51.7 down 49.5. The above digital growth fifty signal, but the following said contraction.
Trade groups say that one of the reasons for the economic recession, is the enterprise concerned the so-called fiscal cliff - a bag, will take effect in 2013, unless congress to take action, increase revenue and cut government spending. Automatic tax increase concerns cut factory orders and manufacturing needs.
"Once again, there are few clear signs of finance on the cliff, the biggest problem in the market of any significant progress, now, a will influence by the end of this year, all asset class trade peacock said:" Cameron in Melbourne IG market market review.
Japan's nikkei 225 index fell 0.2% to 9441.75 point. Hong Kong's hang seng index fell 0.2% to 21728.80 point. South Korea's Kospi index fell 0.5% to 1930.68. Australia's S&P/ASX 200 index fell 0.3% to 4518.10.
At closing, the dow Jones industrial average index fell 0.5% to close at 12965.60 point. Standard &poor's 500 stock index fell 0.5% to close at 1409.46 point. The nasdaq composite index fell 0.3% to 3002.20 point.
January delivery benchmark crude oil on the New York mercantile exchange electronic dish in trading, fell cents to $88.91 a barrel. The contract up and cents at $89.09 in New York last week.
In the currency, the euro fell to $1.3050 from $1.3060 in New York on Monday night. Dollar fell to 8207 yen from 82.24 yen.




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