http://ianakiahcorn.blog.fc2.com/blog-entry-2.html
Asia stocks fall on unexpected dip in US economy
BANGKOK (AP) — An unexpected contraction in the U.S. economy at the end of 2012 sent Asian stock markets into retreat Thursday.
The U.S. economy shrank in the fourth quarter for the first time since mid-2009, hurt by big cuts in defense spending, falling exports and sluggish growth in company inventories, the government reported Wednesday. That put the brakes on a Wall Street rally that had pushed the Dow to near-record highs.
“The market has been looking for any excuse to pull back after such an epic month and has taken this news as the main lead for the day,” said Evan Lucas of IG Markets in Melbourne in an email commentary.
http://www.salon.com/2013/01/31/asia_stocks_fall_on_unexpected_dip_in_us_economy/
