Asian Stocks Drop from Record High; Mitsubishi Estate Falls on Bond Yields

(Bloomberg) -- Asian stocks fell for the first time
in seven days on concern rising bond yields will curb companies'
earnings growth.

Property developer Mitsubishi Estate Co. and insurer Millea
Holdings Inc. declined, derailing a rally that lifted the Morgan
Stanley Capital International Asia-Pacific Index to a record
high. Korea Exchange Bank fell by the most in six months after
its largest shareholder sold a stake in the lender.


Read more at Bloomberg Stocks News