(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 the European
Central Bank and New Zealand in raising interest rates.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, led by Nissan Motor Co. and Samsung
Electronics Co. Commonwealth Bank of Australia dropped after the
government said May employment rose almost four times as much as
economists estimated, adding to speculation the nation's central
bank will boost borrowing costs.
Read more at Bloomberg Stocks News
six days after a higher-than-forecast gain in U.S. labor costs
fueled concern the Federal Reserve will follow the European
Central Bank and New Zealand in raising interest rates.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, led by Nissan Motor Co. and Samsung
Electronics Co. Commonwealth Bank of Australia dropped after the
government said May employment rose almost four times as much as
economists estimated, adding to speculation the nation's central
bank will boost borrowing costs.
Read more at Bloomberg Stocks News
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