Asian Stocks Drop as Yen, U.S. Car Tariffs Probe Weigh on Japan
Thursday, 24 May 2018 15:09 WIB | MARKET UPDATE |Saham Asia Indeks MSCI Asia Pasifik

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

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