Asian Stocks Record Week of Losses as Australia Eventually Caves
- Australia’s benchmark index slips after rising for four days
- South Korea stocks little changed as China continues slide
Esho Research: Asian Equities Play Catch Up in 2017
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Asian shares fell for four out of five days this week, taking the lead from U.S. equities that declined as Treasuries and oil retreated.
The MSCI Asia Pacific Index dropped 0.2 percent to 134.52 as of 4:30 p.m. Hong Kong time. Australia’s benchmark index fell for the first day in four, led by declines in miners after the price of iron ore delivered to Qingdao in China declined for a fifth straight session on Thursday.