Asian stocks fell today on concerns about weak third quarter earnings and the MSCI Asia Pacific Index fell 0.8% today reaching 116.98 at 12:38 p.m Tokyo time. Canon Inc the largest camera maker in the world reported a decline in profit for the seventh straight quarter before it fall 3.6%, while Toshiba Corp fell 3.9% after the company left its full year expectations unchanged. Sony Corp slipped 1.3% after consumer confidence in the United States declined.
However, National Australia Bank Ltd Australia's biggest lender to businesses reported a fiscal second half loss of A$75 million. Concerns spread in the market about an absence of the stimulus measures that will affect company's performance and earnings leading to a drop in stocks.
The Japanese stocks index Nikkei 225 fell 1.26% today at 4:55 GMT losing 129.01 points to reach 10083.45 points, while the Hang Seng Index fell 1.66% losing 368.64 points to reach 21800.95 points. On the other hand Australia's S&P/ASX 200 index slipped 1.30% and losing 61.80 points to reach 4691.70 points.