Asian Stocks Fall on Stronger Yen Amid Deposits Concern
Bloomberg (26/3) - Asian stocks fell,
led by Japanese shares, as the yen gained amid concern that Cyprus’s
bank- restructuring plan will be used as a template for other European
nations, imperiling bondholders and depositors. The MSCI Asia Pacific Index dropped 0.1 percent to 135.51 at 9:34 a.m. in Tokyo before markets in Hong Kong and China opened. About three stocks fell for every two that rose on the measure, which gained 1 percent yesterday, the most since March 6. The MSCI Asia Pacific Index gained 4.9 percent this year through yesterday on improving economic data |