Asian Stock Index Posts Biggest Weekly Drop Since August
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Most Asian stocks fell, with the regional benchmark index posting its biggest weekly drop since August, as improving U.S. economic data fueled speculation the Federal Reserve may bring forward stimulus cuts.
Qantas Airways Ltd. sank 3.7 percent, extending yesterday’s 11 percent drop, after Standard & Poor’s cut its credit rating on Australia’s largest carrier to junk status. Nufarm Ltd. slid