(Bloomberg) -- Japanese stocks dropped, led by
companies that rely on U.S. sales, after a higher-than-forecast
rise in U.S. labor costs fueled concern inflation will
accelerate, prompting an increase in interest rates.
Sony Corp., the world's largest video-game maker, declined
1.2 percent. Takeda Pharmaceutical Co., Japan's largest
drugmaker, slid 3.7 percent, the biggest drop in a year, after
U.S. regulators said its Actos diabetes medication needs the
strongest possible warning of the risk of heart failure.
Read more at Bloomberg Stocks News
companies that rely on U.S. sales, after a higher-than-forecast
rise in U.S. labor costs fueled concern inflation will
accelerate, prompting an increase in interest rates.
Sony Corp., the world's largest video-game maker, declined
1.2 percent. Takeda Pharmaceutical Co., Japan's largest
drugmaker, slid 3.7 percent, the biggest drop in a year, after
U.S. regulators said its Actos diabetes medication needs the
strongest possible warning of the risk of heart failure.
Read more at Bloomberg Stocks News
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