Most Asian Stocks Decline, Led by China; Gold Climbs to Record
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Most stocks fell in Asia as Chinese shares slipped on speculation the country’s central bank may let the yuan strengthen to cool inflation. China’s currency touched a 17-year high against the dollar, gold climbed to a record and shares in Russia rose.
Declines by technology and materials stocks were offset by gains in automakers and industrial shares leaving the MSCI Asia Pacific Index unchanged at 138.82 even as six stocks retreated for every five that advanced. The Shanghai Composite Index slid