(Bloomberg) -- Japanese stocks dropped for the
first time in four days after confidence among U.S. homebuilders
fell to a 16-year low, raising concern a slumping housing market
may curb growth in the world's biggest economy.
Exporters including Matsushita Electric Industrial Co. and
Advantest Corp. paced declines. Investors will also be looking
to data on new housing starts set to be released tonight, and
mortgage applications figures due tomorrow for clues on the U.S.
real estate market.
Read more at Bloomberg Stocks News
first time in four days after confidence among U.S. homebuilders
fell to a 16-year low, raising concern a slumping housing market
may curb growth in the world's biggest economy.
Exporters including Matsushita Electric Industrial Co. and
Advantest Corp. paced declines. Investors will also be looking
to data on new housing starts set to be released tonight, and
mortgage applications figures due tomorrow for clues on the U.S.
real estate market.
Read more at Bloomberg Stocks News
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