BANGKOK (AP) - Asian stock markets fell Tuesday as uncertainty persisted about what authorities in the U.S., China and Europe might do to deal with a souring global economy.
The previous day's trading was dominated by a survey suggesting that China's manufacturing sector was contracting. Though a bad sign for the global economy, the data raised expectations that Chinese authorities will announce additional measures to bolster growth.
But the People's Bank of China appears to be resisting calls for more aggressive measures after the huge stimulus in response to the 2008 global financial crisis fueled inflation and a wasteful spending boom.
First Coast News