Asia Stocks Set For Weekly Loss As Fed Rate Angst Simmers
By Kevin Buckland TOKYO (Reuters) – Asia-Pacific stocks retreated on Friday, slumping toward a second weekly loss as investors fretted about the potential for further Federal Reserve tightening and the effect on the economy. U.S. short-term Treasury yields held near a one-month high, helping the dollar tick up against major peers, after Richmond Fed President…
