(Bloomberg) -- Asian stocks fell this week, after
setting a new high, on concern rising global interest rates will
curb spending and investment worldwide. Sony Corp. and DBS Group
Holdings Ltd. declined.
``We are moving into a phase whereby long-term interest rates
will go a lot higher,'' said Chua Soon Hock, who manages about
$400 million at Asia Genesis Asset Management Pte in Singapore.
``You need to be defensive and preserve your capital.''
Read more at Bloomberg Stocks News
setting a new high, on concern rising global interest rates will
curb spending and investment worldwide. Sony Corp. and DBS Group
Holdings Ltd. declined.
``We are moving into a phase whereby long-term interest rates
will go a lot higher,'' said Chua Soon Hock, who manages about
$400 million at Asia Genesis Asset Management Pte in Singapore.
``You need to be defensive and preserve your capital.''
Read more at Bloomberg Stocks News
