Asian stocks
dropped on Thursday, 30 January 2014, after the US Federal Reserve pressed on
with cuts to US economic stimulus and as a report showed China's manufacturing
industry contracted.
market indices extended initial losses and hit fresh intraday low in morning
trade. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty,
both, hit their lowest level in more than nine weeks. The market breadth,
indicating the overall health of the market, was weak.