Most Asian Stocks Fall on Japan GDP Data; Yen, Copper Advance
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Most Asian stocks fell while the yen strengthened after Japan’s economy expanded more slowly than economists had estimated, curbing demand for higher-yielding assets. Copper led an advance in industrial metals.
The MSCI Asia Pacific Index was little changed at 117.83 as of 4:04 p.m. in Tokyo, recovering from a three-week low after Chinese shares surged the most this month. Futures on the Standard & Poor’s 500 Index gained 0.3 percent, while those for the Euro Stoxx 50 Index added 0.2 percent. The yen advanced against most of its major counterparts while the won and ringgit weakened. Copper gained after Goldman Sachs Group Inc. recommended invest in raw materials.