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Asian stocks pared an early advance, with the regional benchmark index swinging between gains and losses, as speculation China won’t ease lending curbs countered better-than-estimated U.S. consumer sentiment and spending reports.
Nikkei 225 10,109.87 +26.31 +0.26%
Hang Seng 20,522.26 -33.32 -0.16%
S&P/ASX 200 4,329.27 -5.97 -0.14%
Shanghai Composite Closed
China Resources Land Ltd., a state-owned developer, slid 1.3 percent in Hong Kong, reversing an earlier increase, after Chinese Vice Premier Li Keqiang said policy makers will continue to take steps to stabilize prices.
Honda Motor Co., a Japanese carmaker that gets 44 percent of its sales in North America, added 2.5 percent after U.S. consumer sentiment climbed to its highest level in more than a year.
NGK Insulators Ltd. slumped 9.2 percent in Tokyo after saying it may not be able to meet demand for batteries from a regional Japanese utility.
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