Wednesday, May 9, 2007

Asian Stocks Drop, Led by Toyota on Profit Forecast; Rio Tinto, BHP Fall

(Bloomberg) -- Asian stocks fell from a record, led by Japanese automakers, after Toyota Motor Corp. predicted its smallest profit increase in a decade.

Toyota, which last month posted its first drop in U.S. sales in two years, slid to a five-month low. An index of consumer- goods companies including carmakers was the biggest drag on the Morgan Stanley Capital International Asia-Pacific Index.


Read more at Bloomberg Stocks News

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