Asia stocks fell for the first time in five sessions as the new trading month got off to a faltering start on fears over slowing Chinese growth and political uncertainty in Tokyo.
The FTSE Asia-Pacific index dropped 1.3 per cent to 214.31, hard on the heels of the regional benchmark recording its worst monthly performance since October 2008 in spite of some revival in risk assets last week.
A slew of purchasing managers' index data across Asia yesterday revealed a mixed picture, with China, Taiwan, South Korea and Australia showing a drop-off in the pace of manufacturing output but India and Japan revealing a pick-up.
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