Asian stocks decline after Yen strengthens on growth concerns

Source: Bloomberg
© Scanpix/AFP
Asian stocks dropped from the most since June 2008, after Japanese currency appreciated 0.2% to 97.27 per greenback and data showed signs of a slowdown in global business activity; crude and copper fell as well. The MSCI Asia Pacific Index worsened 0.3%, while Japan's Topix Index lost 0.6%. Meanwhile, the S&P 500 Index rose to a record high after consumer confidence improved and investors bet central banks worldwide would continue monetary easing efforts.

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