Asian Stocks Fall to Six-Week Low as Yen Climbs, China Rebounds
This article is for subscribers only.
Asian stocks fell, with the region’s benchmark index dropping to a six-week low, as Japan’s Topix slid after the yen strengthened on global haven demand. China stocks rebounded from the biggest drop in five years.
Toyota Motor Corp., the world’s biggest carmaker, slid 3 percent in Tokyo. Lotte Chemical Corp. slumped 11 percent on a report its quarterly operating profit is likely to miss expectations. Ping An Insurance Group Co. advanced 2.4 percent in Hong Kong after dropping the most in three years yesterday.