Nikkei leads Asia stks down,euro at 6-wk low
SINGAPORE, Aug 24 (Reuters) - Asian stocks fell, with Japan's Nikkei index dipping below a key support level as investors fretted about an anaemic global recovery, while the euro hit a six-week low against the dollar.
"Selling by hedge funds and European investors appears to be hurting stocks and if the Nikkei goes further below 9,000, unloading by individual investors will also likely accelerate," said Masayuki Otani, chief market analyst at Securities Japan Inc.
M&A activity boosts world stocks; oil firmer
LONDON, Aug 23 (Reuters) - World stocks rose from last week's one-month low on Monday as a slew of corporate takeover activity and an encouraging euro zone business survey helped ease concerns about a global economic slowdown.
Mining shares gained as financial markets bet Australia's inconclusive weekend elections would lead to a change of government, spelling the end to a plan to impose tax on major iron ore and coal mines.
In the corporate sector, increasing merger and acquisition activity is boosting investor sentiment as companies utilise high cash balances and historically low borrowing costs to look for bargain buys and expand their business.
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