Thursday, May 17, 2007

Asian Stocks Fall to a Two-Week Low; BHP Billiton, Nippon Steel Decline

(Bloomberg) -- Asian stocks fell to a two-week low, led by Sumitomo Metal Mining Co. and BHP Billiton Ltd., after the prices of copper, nickel and zinc tumbled.

``Metals were markedly lower and their influence is evident'' on resources stocks, said Michael Birch, who helps manage $133 million at Wallace Funds Management in Sydney. ``BHP and other miners have reached record highs this month so a breather was due.''


Read more at Bloomberg Stocks News

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