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Asian stocks slid, with the benchmark index snapping a three-day winning streak amid market holidays across the region, after the Federal Reserve damped expectations for more monetary stimulus, sending commodity prices down and weighing on shares of resource companies. Shares extended declines after Japan’s Nikkei 225 Stock Average slipped below the key level of 10,000 for the first time in two weeks, triggering a deeper selloff.
Nikkei 225 9,819.99 -230.40 -2.29%
Hang Seng 20,790.98 +268.72 +1.31%
S&P/ASX 200 4,333.86 -3.17 -0.07%
Shanghai Composite Closed
BHP Billiton Ltd., Australia’s biggest oil producer, sank 1.5 percent in Sydney after crude prices fell.
Fast Retailing Co., Japan’s top clothier, plunged 5 percent after sales at its Uniqlo stores disappointed investors.
SK Telecom Co. slid 3.5 percent in Seoul after Posco sold shares of the mobile carrier at a discount.
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