PostHeaderIcon Asian Stocks Decline on European Growth Concern; Hynix Slumps


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Swiss Stocks Advance; UBS, Credit Suisse, Holcim Lead the Gains
May 18 (Bloomberg) — Swiss stocks rose as European finance ministers said Greece’s debt crisis won’t unleash a region-wide austerity drive. UBS AG and Credit Suisse Group AG, Switzerland’s biggest banks, both advanced 2.2 percent.

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Asian Stocks Decline on European Growth Concern; Hynix Slumps
May 18 (Bloomberg) — Asian stocks fell, dragging the MSCI Asia Pacific Index into a so-called correction, on speculation European efforts to curb government debt will curtail growth.

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