Tuesday, June 22, 2010

20100622 1533 Global Market News,

Asia stocks fall as yuan euphoria fades
HONG KONG, June 22 (Reuters) - Asian stocks retreated as investors booked profits a day after China's weekend decision to give its currency more flexibility triggered a risk rally.
"The potential boost that might be given to consumption is likely to be subtracted from what will happen to exports," said Emil Wolter, head of regional strategy at Royal Bank of Scotland.

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