Asia stocks, euro slide as economic, political uncertainty hitsAppetite for Asian stocks and the euro evaporated on Tuesday as economic and political fears sent investors seeking shelter in the yen, while forecasts China's foreign exchange reserves has fallen for a seventh month added to jitters. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.15 percent while Japan's Nikkei .N225 dropped 0.45 percent as a stronger yen depressed stocks. Chinese shares .CSI300 .SSEC were little changed, ahead of data expected to show that foreign exchange reserves fell for the seventh straight month by about $10.5 billion to $3 trillion in January. Nevertheless, as foreign exchange reserves linger at around $3 trillion, concerns remain over the speed at which China has depleted its resources to defend the currency. French stocks .FCHI lost 1 percent, and yields on 10-year French government bonds hit their highest level since September 2015.

Source: VietNamNet News February 07, 2017 04:08 UTC