Asian stocks fell for a second day and oil retreated from a nine-month high as Greece’s approval for a second bailout failed to spur confidence among investors. The South Korean won weakened against all of its major peers.
The MSCI Asia Pacific Index (MXAP) slipped 0.3 percent as of 9:43 a.m. in Tokyo, led by raw-material producers and financial companies. Oil declined 0.3 percent to $105.92 a barrel. South Korea’s won retreated 0.4 percent to 1,127.15 per dollar. The dollar traded near a six-month high against the yen.
The agreement on a second bailout for Greece may not be enough to end the debt crisis, Bank of England Deputy Governor Charlie Bean said yesterday. Data later today may show U.S. sales of previously owned homes rose for a fourth month in January, according to the median estimate from economists surveyed by Bloomberg. HSBC Holdings Plc and Markit Economics are set to release data today on Chinese manufacturing.
Fletcher Building Ltd. slumped 2.1 percent in New Zealand. The nation’s biggest building products maker said full-year profit may fall as much as 14 percent because of weak housing markets and delays in earthquake reconstruction.
The MSCI Asia Pacific Index (MXAP) slipped 0.3 percent as of 9:43 a.m. in Tokyo, led by raw-material producers and financial companies. Oil declined 0.3 percent to $105.92 a barrel. South Korea’s won retreated 0.4 percent to 1,127.15 per dollar. The dollar traded near a six-month high against the yen.
The agreement on a second bailout for Greece may not be enough to end the debt crisis, Bank of England Deputy Governor Charlie Bean said yesterday. Data later today may show U.S. sales of previously owned homes rose for a fourth month in January, according to the median estimate from economists surveyed by Bloomberg. HSBC Holdings Plc and Markit Economics are set to release data today on Chinese manufacturing.
Fletcher Building Ltd. slumped 2.1 percent in New Zealand. The nation’s biggest building products maker said full-year profit may fall as much as 14 percent because of weak housing markets and delays in earthquake reconstruction.
