Mizuho Bank Ltd.: Japan's Nikkei 225 lost 1.6 per cent at 15,265.75 and Hong Kong's Hang Seng dropped 0.7 per cent to 23,178.97. China's Shanghai Composite eased 0.1 per cent to 2,201.84. Markets were also down in Australia, India, Taiwan and Southeast Asia, according to Times Colonist. Mizuho Bank Ltd. in Singapore said the budget deal, coupled with a strong run of U.S. economic data, raised the probability of the Fed cutting, or tapering, its $85 billion of monthly bond purchases when it meets Dec. 17-18 and KUALA LUMPUR, Malaysia - Asian stocks extended losses Thursday after an apparent budget deal in the U.S. Congress reinforced expectations the Federal Reserve will cut its monetary stimulus as early as next week. U.S. lawmakers look set to agree on a modest U.S. budget agreement that restores about $63 billion in across-the-board automatic spending cuts and would help prevent another partial shutdown of the U.S. government. The 16-day shutdown in October crimped economic growth and hurt consumer confidence.
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12.12.13