(Bloomberg) -- Asian exporter stocks fell after a
report showed confidence in the U.S. homebuilding industry
slipped to a 16-year low and oil prices traded near the highest
in nine months.
Nissan Motor Co. and James Hardie Industries NV led a drop
among companies that rely on U.S. sales on concern growth in the
world's largest economy will slow. Tokyo Electric Power Co. and
Hanjin Shipping Co. fell on speculation rising fuel costs will
erode profits, while Woodside Petroleum Ltd. gained.
Read more at Bloomberg Stocks News
report showed confidence in the U.S. homebuilding industry
slipped to a 16-year low and oil prices traded near the highest
in nine months.
Nissan Motor Co. and James Hardie Industries NV led a drop
among companies that rely on U.S. sales on concern growth in the
world's largest economy will slow. Tokyo Electric Power Co. and
Hanjin Shipping Co. fell on speculation rising fuel costs will
erode profits, while Woodside Petroleum Ltd. gained.
Read more at Bloomberg Stocks News
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