Asia stocks snap 6-day winning streak

HONG KONG, Dec 1 (Reuters) - Asian stocks dipped on Monday to snap a six-day winning streak, with investors caught between aggressive steps by central bank to alleviate the sharp global downturn and increasingly grim economic data.

The MSCI index of Asia-Pacific stocks outside Japan .MIAPJ0000PUS inched down 0.3 percent but is up 18 percent from a five-year low hit last month. For the year, the index has plunged 57 percent.
In a positive sign for Asian stocks, investors have started shifting funds into equities. Data from EPFR Global showed Asian ex-Japan stocks posted a second straight week of fund inflows in the week ending last Wednesday.

The MSCI index of Asia-Pacific stocks outside Japan .MIAPJ0000PUS inched down 0.3 percent but is up 18 percent from a five-year low hit last month. For the year, the index has plunged 57 percent.
In a positive sign for Asian stocks, investors have started shifting funds into equities. Data from EPFR Global showed Asian ex-Japan stocks posted a second straight week of fund inflows in the week ending last Wednesday.