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Asian stock markets fall

6:11 AM, May 2, 2013   |    comments
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BANGKOK (AP) - Asian stock markets have been falling today after U.S. and Chinese data pointed to slower growth in the world's two biggest economies.

Analysts are concerned about a buildup of disappointing data emerging from the two countries seen as critical to powering a global recovery. The latest alarm bells rang out of Washington on Wednesday with the release of employment and manufacturing growth that failed to live up to expectations. That sent Wall Street stocks sharply lower.

Asian equity markets followed suit. Japan's Nikkei led the slide, falling 0.8 percent.

The price of oil has stabilized near $91 per barrel. Benchmark oil for June delivery was up 17 cents to $91.20 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.






Associated Press

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