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Asian stocks fell for a fourth day on concern a meeting of European Union leaders this week will fail to tame the region’s debt crisis and as HSBC Holdings Plc joined Citigroup Inc. in cutting growth forecasts for China.
Nikkei 225 8,663.99 -70.63 -0.81%
S&P/ASX 200 4,013.3 -14.51 -0.36%
Shanghai Composite 2,218.32 -5.79 -0.26%
BHP Billiton Ltd., the world’s largest mining company, slid 1.4 percent as investors sold shares with earnings tied to economic growth.
Nippon Sheet Glass Co., the company on Japan’s Nikkei 225 Stock Average that relies most on Europe for sales, fell 4.5 percent.
Whitehaven Coal Ltd. climbed 3 percent as the Australian Financial Review reported that billionaire Nathan Tinkler may unveil an offer of more than $5 billion for the coal producer as soon as next week.
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