(Bloomberg) -- Asian stocks fell, with the key
regional index dropping from a record, on concern recent gains
more than reflect earnings prospects. Mitsubishi UFJ Financial
Group Inc. and Kookmin Bank led lenders lower.
``Investors who are not yet confident about corporate
earnings momentum judged recent share prices offer less
incentive for further buying,'' said Naoki Fujiwara, who
oversees $720 million at Shinkin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
regional index dropping from a record, on concern recent gains
more than reflect earnings prospects. Mitsubishi UFJ Financial
Group Inc. and Kookmin Bank led lenders lower.
``Investors who are not yet confident about corporate
earnings momentum judged recent share prices offer less
incentive for further buying,'' said Naoki Fujiwara, who
oversees $720 million at Shinkin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
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