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Asia stocks off record highs as Wall Street flags, higher yields support dollar [Reuters (UK)]

SUMITOMO MITSUI FINANCIAL (SMFG)  More Company Research Source: Reuters
US:NYSE Investor Relations: smfg.co.jp/english/investor
PDF Asia stocks off record highs as Wall Street flags, higher yields support dollar | Reuters 4 Min Read TOKYO (Reuters) - Asian stocks retreated from record peaks on Tuesday after a selloff in Apple shares knocked Wall Street, while the dollar found support as U.S. bond yields climbed to near four-year highs. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.3 percent after rising to a record high the previous day. Australian stocks shed 0.65 percent, South Korea's KOSPI .KS11 lost 0.3 percent and Japan's Nikkei .N225 dropped 0.5 percent. The bearish sentiment in Asia followed a softer lead from Wall Street, which has led a global equities rally over the past year thanks to strong world growth fuelling higher corporate earnings and stock valuations. On Monday, U.S. stocks pulled back from record highs, with the Dow .DJI and the S&P 500 .SPX indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Apple ( [Read more]

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