Tuesday, May 8, 2007

Asian Stocks Retreat in U.S., Paced by United Microelectronics on Earnings

(Bloomberg) -- Asian stocks fell in U.S. trading, ending their longest winning streak since February, after United Microelectronics Corp. reported lower sales.

The Bank of New York Co.'s Asia ADR Index, tracking the region's American depositary receipts, dropped 0.4 percent to 161.13, snapping a five-day, 2.6 percent advance.


Read more at Bloomberg Stocks News

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