News Snapshot:
© Reuters. By Gina Lee Investing.com – Asia Pacific stocks were down on Wednesday morning as investors digested . They also await the impact of lower-than-expected U.S. inflation figures on the U.S. Federal Reserve’s timeline to begin asset tapering. China’s slid 1.42% by 10:18 PM ET (2:18 AM GMT) and the fell 0.73%. The country released its latest economic data earlier in the day that showed grew a lower-than-expected 5.3% year-on-year, while grew 8.9% year-on-year, in August. grew 2.5% year on year. Hong Kong’s fell 0.79%. Japan’s fell 0.82% and South Korea’s inched down 0.06%. In Australia, the fell 0.55%....
