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Asian stocks fell, with the regional benchmark index set for its steepest two-day decline this year, as declining U.S. factory orders and slower growth in China crimped the earnings outlook for miners and machinery makers.
Nikkei 225 9,637.63 -60.96 -0.63%
Hang Seng 20,820.45 -444.86 -2.09%
S&P/ASX 200 4,204.73 -58.24 -1.37%
Shanghai Composite 2,410.45 -34.56 -1.41%
BHP Billiton Ltd., Australia’s top mining company, lost 2.3 percent as metal prices slid.
Fanuc Corp., which makes industrial robots, dropped 2.5 percent in Tokyo.
Industrial & Commercial Bank of China Ltd. declined 3.3 percent in Hong Kong after the South China Morning Post said Goldman Sachs Group Inc. may sell a ‘big chunk’ of the lender.
AIA Group Ltd. slumped 8.2 percent in Hong Kong after American International Group Inc. said it sold shares of the insurance company.
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