Thursday, May 10, 2007

Asian Stocks Fall on Lower Metals, U.S. Growth Concerns; BHP, Samsung Drop

(Bloomberg) -- Asian stocks fell after raw-material prices dropped and reports showed falling retail sales and a wider trade deficit in the U.S., the region's largest export market.

All 10 industry groups making up the Morgan Stanley Capital International Asia-Pacific Index retreated. BHP Billiton Ltd. posted its biggest drop in two weeks as copper and zinc declined. Canon Inc. slid by the most in two months on concern demand for its digital cameras will falter as the U.S. economy slows.


Read more at Bloomberg Stocks News

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