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Asian stocks fell for a third day, with the regional benchmark index (CRY) headed for the lowest close in a month, amid concern about a Greece debt-swap deal and after reports showed European gross domestic product contracted and Australia’s economy grew less than forecast.
Nikkei 225 9,576.06 -61.57 -0.64%
Hang Seng 20,628.91 -177.34 -0.85%
S&P/ASX 200 4,143.66 -61.07 -1.45%
Shanghai Composite 2,394.79 -15.65 -0.65%
Sony Corp., Japan’s No. 1 exporter of consumer electronics, slid 2.4 percent. Newcrest Mining Ltd. lost 3.8 percent in Sydney as metal prices dropped.
China Life Insurance Co. slumped 5.4 percent in Hong Kong after saying profit may have fallen by half last year.
Industrial & Commercial Bank of China Ltd., the most actively traded stock by volume in the regional benchmark index today, plunged after saying a lock-up period barring the sale of its shares had ended, giving Goldman Sachs Group Inc. the right to sell its stake.
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