Oct
20
Asian Stocks Follow U.S. Equities Lower as Drugmakers Retreat
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S&P 500 fell 0.1% on Tuesday as investors weighed earnings
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Hong Kong market closed for holiday, mainland China open
Asian stocks fell after U.S. shares declined amid mixed company earnings. Drugmakers and finance shares led losses on the regional benchmark gauge.
The MSCI Asia Pacific Index retreated 0.1 percent to 133.59 as of 9:01 a.m. in Tokyo. The gauge surged 8 percent this month through Tuesday, on course for its best monthly advance since September 2010, as Chinese shares rallied and traders pushed back expectations on the timing of the Federal Reserve’s interest-rate increase. Analysts project profits at companies in the Standard & Poor’s 500 Index dropped 6.7 percent in the the three months ended September…
Asian Stocks Follow U.S. Equities Lower as Drugmakers Retreat
