Asia News
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Asian stocks fell, with a regional benchmark index headed for its biggest loss this year, as Greece’s move to call new elections increased concern the country will leave the euro and derail efforts to contain the region’s debt crisis.
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China remained the largest foreign U.S. creditor, adding to its holdings in March as the Treasury 10-year note yield reached the highest level since October.
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Japan’s economic growth probably peaked in the first quarter and analysts forecast the pace of expansion will halve by year-end as the boost from earthquake reconstruction fades.
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Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe’s debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the metal.
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