(Bloomberg) -- Asian stocks dropped the most in seven
weeks on concern rising global interest rates will curb consumer
spending and corporate profits.
All 10 industry groups of the Morgan Stanley Capital
International Asia-Pacific Index retreated, sending the regional
benchmark to its biggest loss in seven weeks. Toyota Motor Corp.,
which gets almost two-thirds of its revenue from overseas sales,
fell after U.S. bond yields jumped.
Read more at Bloomberg Stocks News
weeks on concern rising global interest rates will curb consumer
spending and corporate profits.
All 10 industry groups of the Morgan Stanley Capital
International Asia-Pacific Index retreated, sending the regional
benchmark to its biggest loss in seven weeks. Toyota Motor Corp.,
which gets almost two-thirds of its revenue from overseas sales,
fell after U.S. bond yields jumped.
Read more at Bloomberg Stocks News
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