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Asia stocks move off early highs to trade mostly lower, as dividend worries dent Japanese utility firms, while steel makers weigh in Seoul.
Nikkei 225 9,014.25 +3.54 +0.04%
S&P/ASX 200 4,543.1 +2.10 +0.05%
Shanghai Composite 2,116.42 -16.34 -0.77%
Acer slid 3.3 percent in Taipei as Asia’s second-largest computer maker posted third-quarter profit and sales that missed estimates.
Canon Inc., the world’s biggest camera maker that gets about 31 percent of sales from Europe, dropped 1.5 percent in Tokyo.Kansai Electric Power Co. sank 7.9 percent after the Nikkei newspaper reported the Japanese utility won’t pay a dividend.
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