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Asian stocks declined after Chinese Premier Wen Jiabao warned of a “severe” jobs outlook and amid concern Asian companies’ profits are falling. Exporters to the U.S. gained as Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to act to spur growth.
Nikkei 225 8,726.74 -28.26 -0.32%
S&P/ASX 200 4,123.6 -17.20 -0.42%
Shanghai Composite 2,163.96 +2.78 +0.13%
Huaneng Renewables Corp Ltd., an alternative energy company, slumped 14 percent in Hong Kong after saying profit may fall more than 50 percent.
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