(Bloomberg) -- Asian stocks dropped in U.S. trading
for a third day after a jump in bond yields fueled speculation
the Federal Reserve will raise interest rates. Kookmin Bank and
Mitsubishi UFJ Financial Group Inc. fell.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 0.8 percent to
163.83, the biggest decline in two weeks. The measure has
retreated 1.6 percent since setting a record June 4.
Read more at Bloomberg Stocks News
for a third day after a jump in bond yields fueled speculation
the Federal Reserve will raise interest rates. Kookmin Bank and
Mitsubishi UFJ Financial Group Inc. fell.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 0.8 percent to
163.83, the biggest decline in two weeks. The measure has
retreated 1.6 percent since setting a record June 4.
Read more at Bloomberg Stocks News
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