HONG KONG: Asian stocks were mostly lower on Thursday after a credit ratings agency warning that US banks could be hit hard if Europe's debt crisis spreads beyond financially troubled countries like Greece.
Oil prices fell below $102 per barrel, while the dollar rose against the yen and the euro.
Japan's Nikkei 225 index lost 0.3 percent to 8,436.49 while Hong Kong's Hang Seng dropped 1.2 percent to 18,725.32. South Korea's Kospi was marginally higher at 1,858.26.
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