desheveyut Asian stocks on Friday a third consecutive session, as the rise in unemployment in the United States and Europe, the biggest profit decline in the Japanese retailer Seven I Holdings Co. raised fears of deepening global recession, reports Bloomberg.

Composite Stock Index APR MSCI Asia Pacific fell from the opening bid at 0.8% - to 102.20 points. Since the beginning of the week index lost 1.4%.

Japanese Nikkei fell 1.4%, a decline observed at all open for bidding markets in the region.

People were expecting a significant improvement in the labor market U.S., but these expectations proved overly optimistic - believes senior analyst MU Investments Co. Hiroshi Morikawa. - Consumer spending in the near future is restored. Consumers are moving en masse at a discount product, and this may lead to deflation, which hurts the economy.

Unemployment in the United States in June rose to 9.5%, which is the highest level since August 1983, compared with 9.4% a month earlier.

In Europe, the unemployment rate in May to reach 9.5%.

number of jobs in the U.S. economy in the past month fell by 467 thousand less than experts predicted a significant reduction - to 367 thousand

experts expect a further rise in unemployment in the country this year, which has a negative impact on consumer spending, which accounts for about 70% of U.S. GDP, and may slow economic recovery.

Net profit

retailer Seven I, supermarket operator, Seven-Eleven, has decreased by 28% - up to 23.7 billion yen ($ 245 million) in March-May 2009, the reduction of sales in the stores of the company in a recession.

Seven I The value of shares fell on Friday to 6.3%.

stocks of Japanese retailer Aeon Co. decreased by 3.7%.

new Minister of Economy of Japan Yosimasa Hayashi, appointed to this position from 1 July, said on Thursday that Japan may return deflation and the economy is in crisis.

price of securities the second largest operator of dry Japanese Mitsui OSK Lines Ltd. decreased by 3.4% on fears that the situation in world trade will worsen after the unemployment rate reached 9.5% in the United States and in Europe.

Stock Quotes concern the world's largest mining BHP Billiton Ltd. fell to 2.7% due to the decline in commodity prices.

Oil dropped in price by 3,7% - to $ 66.73 a barrel at the auctions in New York on Thursday, the price continues to fall on Friday.

6 metals index has lost on Thursday in London, 1.2%.

Indicator value of dry cargofreight Baltic Dry fell by 1.8%, to a minimum of 3 weeks.

largest financial-credit company is Taiwan's Chinatrust Financial Holding added 4.1% of market capitalization on expectations that China could open the market for credit cards for Taiwanese banks.