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Most Asian stocks fall after RBI raises rate

Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high

Bloomberg 

Most declined after India unexpectedly raised its key interest rate. Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high.

Ltd., India's biggest developer, tumbled 11 per cent in Mumbai. Ltd, Southeast Asia's largest homebuilder, slipped 2.5 per cent in Singapore after proposing a convertible bond offering. Corp, a camera maker that gets 85 per cent of sales outside Japan, climbed 6.4 per cent in Tokyo. Shiseido Co surged 5.8 per cent after the cosmetics makers' shares were recommended by Citigroup Inc.



The MSCI Asia Pacific Index added less than 0.1 per cent to 141.11 as of 6:28 pm in Tokyo, with about four shares falling for every three that rose. India's central bank Governor surprised analysts today by raising the benchmark interest rate to rein in inflation.

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Most Asian stocks fall after RBI raises rate

Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high

Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high Most declined after India unexpectedly raised its key interest rate. Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high.

Ltd., India's biggest developer, tumbled 11 per cent in Mumbai. Ltd, Southeast Asia's largest homebuilder, slipped 2.5 per cent in Singapore after proposing a convertible bond offering. Corp, a camera maker that gets 85 per cent of sales outside Japan, climbed 6.4 per cent in Tokyo. Shiseido Co surged 5.8 per cent after the cosmetics makers' shares were recommended by Citigroup Inc.

The MSCI Asia Pacific Index added less than 0.1 per cent to 141.11 as of 6:28 pm in Tokyo, with about four shares falling for every three that rose. India's central bank Governor surprised analysts today by raising the benchmark interest rate to rein in inflation.
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Business Standard
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Most Asian stocks fall after RBI raises rate

Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high

Most declined after India unexpectedly raised its key interest rate. Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high.

Ltd., India's biggest developer, tumbled 11 per cent in Mumbai. Ltd, Southeast Asia's largest homebuilder, slipped 2.5 per cent in Singapore after proposing a convertible bond offering. Corp, a camera maker that gets 85 per cent of sales outside Japan, climbed 6.4 per cent in Tokyo. Shiseido Co surged 5.8 per cent after the cosmetics makers' shares were recommended by Citigroup Inc.

The MSCI Asia Pacific Index added less than 0.1 per cent to 141.11 as of 6:28 pm in Tokyo, with about four shares falling for every three that rose. India's central bank Governor surprised analysts today by raising the benchmark interest rate to rein in inflation.

image
Business Standard
177 22