Losses worsened for Asian shares, with a fourth day of declines pushing the regional benchmark gauge further into a two-week low, as a stronger yen and U.S. investigation into car and truck imports weighed on Japanese stocks.
The MSCI Asia Pacific Index dropped 0.2 percent as of 3:34 p.m. in Hong Kong, with Toyota Motor Corp.’s retreat contributing the most to the slide. Japan’s Topix fell as the yen strengthened to 109.55 against the U.S. dollar. In Southeast Asia, Malaysia’s key stock gauge declined to a five-month low after the government said the nation’s debt was higher than previously disclosed, while Indonesia’s Jakarta Composite Index surged 1.8 percent as offshore fund flows resumed.
Source : Bloomberg