Asia stocks fall as investors weigh timing of Fed taper
Bareksa • 11 Dec 2013
A man stands in front of a stock quotation board (Reuters/Toru Hanai)
A wave of risk aversion has swept through markets
Bloomberg - Asian stocks fell, with the regional benchmark gauge sliding for the first time in three days, as investors weighed the timing of a reduction in the Federal Reserve’s unprecedented stimulus. BHP Billiton Ltd., the world’s largest mining company, lost 1.9 percent in Sydney, as raw-materials companies led declines among the 10 industry groups on the Asia-Pacific gauge.
OZ Minerals Ltd. slumped 21 percent, the most in 14 years, after the Australian copper miner forecast production lower than analyst estimates. Yahoo Japan Corp. rose 2.5 percent after JPMorgan Chase & Co. advised buying shares of the Internet firm, even after the stock doubled in value this value.