Asian Stocks Fall as Japanese Shares Drop Amid Strengthening Yen
- Biggest week for yen since 2009 pressures Japan exporters
- Chinese shares pare best weekly advance since December
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Asian stocks fell, with the regional benchmark index heading for a weekly loss, after Japanese shares declined as the strengthening yen pressured major exporters.
The MSCI Asia Pacific Index lost 0.3 percent to 120.83 as of 4:04 p.m. in Hong Kong. The measure is poised for a 0.5 percent decline this week as Japan’s Topix index erased its gains from last Friday’s Bank of Japan stimulus and the yen headed for its biggest weekly advance since 2009. Investors are awaiting Friday’s U.S. monthly payrolls report after data showed factory orders fell in December.