Most Asian Stocks Decline on Yen Strength; Elpid
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Posted On: 02/27/2012 10:15:27 PM
Most Asian Stocks Decline on Yen Strength; Elpida Set to Plunge
Most Asian stocks fell, sending the regional index to its second-straight drop, as gains in the yen cut the earnings outlook for Japan’s exporters. Elpida Memory Inc. was set to plunge in Tokyo after filing for bankruptcy, while rival South Korean chipmakers jumped.
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