Steep weekly falls on Wall Street pressured Asian shares on Monday, as concerns over geopolitical tensions and Argentina's debt default eclipsed U.S. economic data that argued against an earlier start to the Federal Reserve's rate-tightening cycle. Japan's Nikkei average (.N225) fell 0.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was off 0.05 percent. Investors were cautious after the U.S. S&P 500 (.SPX) lost 2.7 percent last week, its biggest weekly decline since the week ending June 1, 2012, hitting two-month lows.
via Business News http://ift.tt/1s34tSg
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