Pursuits
Most Asian Stocks Retreat as Japanese Shares Decline
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Most Asian stocks fell from the highest since August 2011 amid speculation shares may have risen too far, too fast. Japanese equities dropped as the yen climbed against the dollar after hit a 2 1/2-year low.
Fanuc Corp. slid 3.9 percent in Tokyo after the factory-robotics company’s rating was cut at Citigroup Inc. Kong. Axiata Group Bhd., a Malaysian mobile-phone carrier, slumped 5.1 percent in Kuala Lumpur, leading losses on speculation the government may call an early election. China Vanke Co., the country’s biggest publicly traded property developer, surged 10 percent in Shenzhen on plans to move trading of its foreign-currency denominated shares to Hong