Asian Stocks Fall From 20-Month High as Yen Strengthens
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Asian stocks fell from the highest level in 20 months, paring the biggest weekly advance since September. Most Japanese shares dropped as the yen strengthened against the dollar.
GS Engineering & Construction Corp. tumbled by the daily 15 percent limit in Seoul for a second day after reporting an unexpected loss. Infosys Ltd. slumped the most in 10 years as India’s second-largest software exporter forecast sales that missed estimates. Kyushu Electric Power Co. led a surge in Japanese electricity companies after SMBC Nikko Securities Inc. said it was bullish on the industry’s earnings outlook.