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Asia’s benchmark stock index fell, paring yesterday’s advance, as Japanese companies forecast lower-than-estimated earnings and as the outlook for exporters dimmed after a report signaled U.S. manufacturing is slowing.
Nikkei 225 9,350.95 -169.94 -1.78%
Hang Seng Closed
S&P/ASX 200 4,429.51 +32.93 +0.75%
Shanghai Composite Closed
Tokyo Electron Ltd., which sells industrial electronics products, sank 8.3 percent after its earnings estimate trailed analysts’ projections.
Sony Corp. Japan’s No. 1 exporter of consumer electronics, lost 3.9 percent as the yen gained against the dollar to the highest level since February. Commonwealth Bank of Australia rose 1.7 percent as the nation’s central bank cut interest rates to spur growth.
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