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Asian stocks fell, with a regional benchmark retreating after a record 10-week advance, as oil near a nine-month high and continued concern that Greece will not be able to avoid a default spurred investors to lock in gains. Japanese exporters rose as the yen’s decline boosted their earnings outlook.
Nikkei 225 9,633.93 -13.45 -0.14%
Hang Seng 21,214.03 -192.83 -0.90%
S&P/ASX 200 4,267.37 -39.41 -0.92%
Shanghai Composite 2,447.06 +7.43 +0.30%
Korean Air Lines Co., the nation’s biggest carrier by market value, sank 5.3 percent in Seoul.
Newcrest Mining Ltd. dropped 3 percent in Sydney after JPMorgan Chase & Co. cut its rating on Australia’s largest gold producer.
Sony Corp., Japan’s No. 1 exporter of consumer electronics, gained 1.2 percent in Tokyo as the yen fell to a nine-month low against the dollar.
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