Asian stock declined due to a yesterday’s disappointing trading session on Wall Street. The World Bank’s cut of the economic global forecast weighed on U.S. markets. The World Bank lowered its global growth forecast to 2.8% from an earlier estimate of 3.2% due to a weaker outlook for the U.S., Russia and China.

Japan’s core machinery orders dropped 9.1% in April, after a 19.1% gain in March. Analysts had forecasted a 10.8% decline.

On a yearly basis, the core machinery orders in Japan climbed 17.6% in April, after a 16.1% rise in March.

Indexes on the close:

Nikkei 225                         14,973.53                   -95.95             -0.64%

Hang Seng                        23,175.02                   -82.27             -0.35%

Shanghai Composite           2,051.71                     -3.24              -0.16%