Asian Stocks Fall for Third Day, Led by Toyota on Lower Profit Forecast Asian stocks declined the most in three
weeks, led by automakers and technology companies, after Toyota
Motor Corp. and Olympus Corp. forecast lower profits on rising
raw-material costs.
China's April Export Growth Slows to 22%, Trade Surplus Is Little Changed China's export growth cooled in April
and the trade surplus was little changed as economies around the
world weakened, giving the government room to maintain a slower
pace of yuan gains.
Rice Gains for Sixth Day on Increased Demand, Damage From Myanmar Cyclone Rice surged, heading for the biggest
weekly gain since reaching a record last month, as Nigeria and
the Philippines sought to buy more, further straining global
supplies after a cyclone devastated crops in Myanmar.
Temasek Loses Indonesia Appeal, Ordered to Reduce Mobile-Phone Investments Temasek Holdings Pte, Singapore's
state-owned investment company, lost its appeal on an Indonesian
antitrust ruling and was ordered to sell its stake in either of
the country's two biggest mobile-phone operators within a year.
Templeton's Mobius Says Korean Stocks to Outperform, Currency Undervalued South Korea's won, the world's worst
performing major currency this year, is undervalued by about 8
percent and the nation's stocks should outperform, said Mark Mobius,
who manages emerging-market shares at Templeton Asset Management Ltd.
Soaring Food Costs Probably Kept Chinese Inflation Close to 11-Year High China's inflation probably stayed near
the highest level in more than 11 years, highlighting the
government's challenge of dousing prices without triggering a
slump in the economy.