Financial Times FT.com

Asian stocks retreat from 13-month highs

HONG KONG, September 18 – Asian stocks retreated from 13-month highs on Friday and commodity prices dipped after data giving a conflicting picture about the strength of the US recovery stopped investors from extending this week’s rally.

Hirohide Yamaguchi, deputy governor of the Bank of Japan, said a positive business cycle was starting and signalled that the central bank could soon withdraw emergency support for corporate funding.

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