China will take more steps to cool its economy-Asian stocks dropped

Asian stocks dropped for the first time in three days while oil and copper declined on prospects China will take more steps to cool its economy.

The pound weakened after Moody’s Investor Service said the U.K. is close to losing its top credit rating.

All Asian Market trade in negative zone this time
Indian market also open weak and this time trade Half percent cut

but still nifty hold 5100 level
if break 5100 level then chance to cut good amount of points

then next support at 5050 level