According to the Bank of Communications, China will outperform 2012 thanks to rising demand from Europe and steady to rising demand from the United States.

FORBES: China Growth Seen Rebounding, But Inflation Warrants Concern

China Merchants Bank fell 2.6% and Bank of Communications lost 2% in Hong Kong while Tokyo-listed Shinsei Bank fell 5.2%.

WSJ: Asia Slips on Europe Worries