Asian Stocks Fall From 20-Month High as Yen Strengthens

Bloomberg – Asian stocks fell from the highest level in 20 months, paring the biggest weekly advance since September. Japan’s Topix Index (TPX) dropped for the first time in eight days as the yen strengthened against the dollar. GS Engineering & Construction Corp. (006360) tumbled by the daily 15 percent limit in Seoul for a second day after reporting an unexpected loss. Infosys Ltd. (INFO) slumped the most in 10 years as India’s second-largest software exporter forecast sales that missed estimates. Kyushu Electric Power Co. led a surge in Japanese electricity companies after SMBC Nikko Securities Inc. said it was bullish on the industry’s earnings outlook. Read Article

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