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Asian stocks outside Japan fell, with the regional benchmark index set to drop for a second day, as investors await a policy announcement by the European Central Bank after the Federal Reserve refrained from adding stimulus to the U.S. economy. The European Central Bank is scheduled to make a policy announcement today, with President Mario Draghi pledging policy makers will do whatever is needed to preserve the euro. Most investors in Asia, the Americas and Europe expect the ECB will engage in sovereign-bond purchases in support of Spain and Italy, Goldman Sachs Group Inc. said in a note yesterday, citing a survey of 410 people.
Nikkei 225 8,653.18 +11.33 +0.13%
S&P/ASX 200 4,269.5 +6.74 +0.16%
Shanghai Composite 2,111.41 -11.95 -0.56%
Samsung Electronics Co., which gets 39 percent of its sales in Europe and America, lost 2 percent.
Toyota Motor Corp., Asia’s biggest carmaker by market value, rose 2.5 percent in Tokyo after its U.S. sales gained 26 percent in July.
Fiber maker Teijin Ltd. slumped 8.8 percent in Tokyo after cutting its operating profit forecast.
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