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Most Asian stocks fell as bad loans held by Spanish banks surged ahead of European bond sales today, damping investor confidence. Losses were limited amid speculation China will ease its monetary policy to spur growth.
Nikkei 225 9,588.38 -78.88 -0.82%
Hang Seng 20,962.95 +182.22 +0.88%
S&P/ASX 200 4,362.73 +14.07 +0.32%
Shanghai Composite 2,378.63 -2.21 -0.09%
Esprit Holdings Ltd., a clothier that depends on Europe for about 80 percent of its sales, declined 3.3 percent in Hong Kong.
Nippon Sheet Glass Co. headed for its lowest close since 1976 in Tokyo after Chief Executive Officer Craig Naylor quit over a disagreement with the Japanese company’s board.
OCI Co. fell 2.2 percent in Seoul after operating profit at the chemicals maker declined.
Wynn Macau Ltd. gained 3.4 percent in Hong Kong after a report the casino operator may sign a land contract to build a second resort in Macau.
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