Asian stock markets lost ground for a third straight day Thursday over new concerns about Europe's economic outlook after Moody's Investors Service warned it may downgrade Spain's debt rating.
Oil prices fell below $75 a barrel in Asia, as wilting stock markets dragged down the confidence of crude investors. The yen weakened against the dollar, while the euro remained virtually unchanged.
While a key central bank report released Thursday showed business confidence among Japan's biggest manufacturers improved for a fifth straight quarter, the Nikkei index was still taking its cues from Wall Street, which closed out a painful second quarter Wednesday, leaving …
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