Asian Stocks Retreat as Japan Slides on Yen Amid Syria Tensions
- Turkey's downing of Russian airplane prompts haven demand
- Energy producers rally in Asian trading as crude rebounds
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Asian stocks fell, dragged lower by Japanese shares as the yen gained after Turkey downed a Russian warplane, fueling demand for haven assets and curbing the profit outlook for exporters trading in Tokyo.
The MSCI Asia Pacific Index lost 0.2 percent to 134.27 as of 4:27 p.m. in Hong Kong. Japan’s Topix index slid for the first time in six days as the yen held gains. Russian President Vladimir Putin said the shooting down of his country’s plane by Turkish forces near their border with northeastern Syria would have “serious consequences.”