Asian stocks fell for
the first time in three days as health-care companies led losses and
more than two-thirds of the companies in Japan’s Topix index traded
without the right to the next dividend.
The MSCI Asia Pacific
Index slipped 0.4 percent to 127.55 as of 9:01 a.m. in Tokyo. The gauge
is up 7.1 percent since the start of March, on course for the best month
since October. The Topix slid 0.8 percent. Data Monday showed the
Federal Reserve’s preferred measure of inflation slowed, clouding the
outlook for higher interest rates in 2016. U.S. equity exchanges saw
their slowest trading day of the year, while markets in Hong Kong and
Australia reopen Tuesday.
Clues on the
trajectory of U.S. interest rates will come this week from reports due
on employment, manufacturing, housing and consumer confidence. Fed Chair
Janet Yellen is due to speak at an event hosted by the Economic Club of
New York on Tuesday.
Source : Bloomberg
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