(Bloomberg) -- Asian stocks retreated for a second day
on concern rising global interest rates will curb consumer
spending and corporate profits.
All 10 industry groups of the Morgan Stanley Capital
International Asia-Pacific Index retreated, sending the regional
benchmark to its biggest loss in seven weeks. Toyota Motor Corp.,
which gets almost two-thirds of its revenue from overseas sales,
fell after U.S. bond yields jumped, suggesting traders expect
interest rates to climb in the region's biggest export market.
Read more at Bloomberg Stocks News
on concern rising global interest rates will curb consumer
spending and corporate profits.
All 10 industry groups of the Morgan Stanley Capital
International Asia-Pacific Index retreated, sending the regional
benchmark to its biggest loss in seven weeks. Toyota Motor Corp.,
which gets almost two-thirds of its revenue from overseas sales,
fell after U.S. bond yields jumped, suggesting traders expect
interest rates to climb in the region's biggest export market.
Read more at Bloomberg Stocks News
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