Tuesday, June 19, 2007

Asian Stocks Climb for Fifth Day, Led by Toyota, Hon Hai on Bond Yields

(Bloomberg) -- Asian stocks climbed for a fifth day
after a drop in U.S. home construction damped concern interest
rates will be raised in the world's largest economy.

Toyota Motor Corp. and Hon Hai Precision Industry Co. led
exporters higher, helping the Morgan Stanley Capital International
Asia-Pacific Index to a record. The yield on the 10-year U.S.
Treasury note fell for three days after touching a five-year high
last week.


Read more at Bloomberg Stocks News

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