Asia stocks follow Wall Street’s negative lead, sterling slips on election fears

Asian Market 1
Asian stocks were mostly lower on Thursday following a subdued lead from Wall Street, while the dollar pulled up from near two-week lows and sterling languished under the weight of political fears one week before Britain’s election.

Japan’s Nikkei advanced 0.8 percent after data showing recurring first-quarter corporate profits were the highest on record for the January to March period.

South Korea’s KOSPI fell 0.3 percent and the Korean won <KRW=> weakened 0.2 percent to trade at 1,121 won to the dollar after data showed factory activity in May shrank for the 10th straight month.
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