Asia Stocks Drop While China Stimulus Move Boosts Metals, Aussie

April 20, 2015 12:38 AM

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Asian stocks fell, led by Japan, following a selloff in U.S. and European shares Friday. Metals climbed with Australia’s dollar after China stepped up stimulus, cutting the reserve-requirement ratio for banks amid a slowdown.

The MSCI Asia Pacific Index slipped 0.2 percent by 9:58 a.m. in Tokyo, as Japan’s Topix gauge dropped to a two-week low. Standard & Poor’s 500 Index futures gained 0.2 percent after a 1 percent slump in MSCI’s global stock measure Friday. The Aussie added 0.4 percent, while copper and nickel climbed...

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