(Bloomberg) -- Asian stocks fell for the first time
in six days after a higher-than-forecast gain in U.S. labor costs
fueled concern the Federal Reserve will follow Europe in raising
interest rates to tame inflation.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, following declines in the U.S. and
Europe. Toyota Motor Corp., which made more than a third of its
sales in North America last year, and Samsung Electronics Co.,
Asia's largest maker of chips and mobile phones, led declines.
Read more at Bloomberg Stocks News
in six days after a higher-than-forecast gain in U.S. labor costs
fueled concern the Federal Reserve will follow Europe in raising
interest rates to tame inflation.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, following declines in the U.S. and
Europe. Toyota Motor Corp., which made more than a third of its
sales in North America last year, and Samsung Electronics Co.,
Asia's largest maker of chips and mobile phones, led declines.
Read more at Bloomberg Stocks News
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