May
27

Asia Stocks Follow U.S. Shares Lower as Data Spur Rate-Rise Bets

By

Asian stocks dropped, following a decline in U.S. equities, after better-than-estimated economic data bolstered the case for higher interest rates in the world’s largest economy.

The MSCI Asia Pacific Index lost 0.3 percent to 152.77 as of 9:01 a.m. in Tokyo. The Standard & Poor’s 500 Index sank 1 percent on Tuesday, its biggest slide since May 5, as strong readings for U.S. capital-goods orders and new home sales fueled bets for higher rates. Japan’s Topix index slipped 0.3 percent today even after the yen weakened 1.3 percent to an almost eight-year low against the dollar Tuesday. In Europe, talks between Greece and its creditors are said to be stalling…

Asia Stocks Follow U.S. Shares Lower as Data Spur Rate-Rise Bets

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.