Tuesday, June 26, 2007

Asian Shares Slide to Two-Week Low on Profit Growth Concern; Toyota Drops

(Bloomberg) -- Asian stocks fell to the lowest in
almost two weeks on concern earnings will be curbed by slowing
consumption in the U.S., the strengthening yen and a drop in
metals and oil prices.

Toyota Motor Corp., Japan's largest automaker, declined
after reports showed home sales and consumer confidence fell in
the world's largest economy and the yen strengthened for a third
day, eroding the value of overseas sales. BHP Billiton Ltd.
tracked a slump in raw-materials prices.


Read more at Bloomberg Stocks News

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