Asian Stocks Fall

Beijing, Asian stock markets declined for a second day Tuesday as investors looked ahead to U.S. employment data for indications of possible inflation pressures.

The Shanghai Composite Index fell 0.7% to 3,579.73 and the Nikkei 225 in Tokyo shed 0.9% to 28,801.05. The Hang Seng in Hong Kong lost 0.8% to 29,024.63.

The Kospi in Seoul retreated 0.5% to 3,285.62 and Sydney's S&P-ASX 200 lost 0.1% to 7,298.80.

India's Sensex opened down 0.2% at 52,624.43. Markets in New Zealand and Southeast Asia declined, the Associated Press reported.

In energy markets, benchmark U.S. crude declined 18 cents to $72.73 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.14 to $72.91 on Monday. Brent crude, used to price international oils, shed 19 cents to $73.95 per barrel in London.

The dollar advanced to 110.57 yen from Monday's 110.55 yen. The euro retreated to $1.1920 from $1.1923.

Source: Saudi Press Agency