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Asian stocks slid, with the benchmark index heading toward a two-week low, as companies including China Rongsheng Heavy Industries Group Holdings Ltd. posted weaker earnings and Australia cut its commodity sales forecast on concern China’s economy is slowing.
Nikkei 225 10,086.49 -55.50 -0.55%
Hang Seng 20,840.65 -47.59 -0.23%
S&P/ASX 200 4,254.25 -20.77 -0.49%
Shanghai Composite 2,378.2 +1.36 +0.06%
China Rongsheng, the biggest Hong Kong-listed shipbuilder, declined 7.2 percent as net income tumbled 59 percent.
Geely Automobile Holdings Ltd. fell 5.4 percent on speculation growth in mainland car sales will miss targets.
BHP Billiton Ltd., the world’s biggest mining company, slipped 1.7 percent in Sydney after copper futures slid the most in two weeks yesterday.
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