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Asian stocks fell from a 19-month high as Chinese shares extended their decline. Japan Petroleum Exploration Co. surged after Japan confirmed it has extracted frozen natural gas from under the seabed.
Nikkei 225 12,314.81 -34.24 -0.28%
Hang Seng 22,890.6 -200.22 -0.87%
S&P/ASX 200 5,117.87 -29.04 -0.56%
Shanghai Composite 2,286.6 -23.99 -1.04%
China Cosco Holdings Co., the nation’s biggest shipping company, dropped 5.3 percent after Citigroup Inc. said the sale of its logistics unit means the loss of a stable, growing business.
Whitehaven Coal Ltd., Australia’s second-biggest independent coal producer, sank 5.5 percent on government plans for stricter coal mining approvals.Japan Petroleum, the country’s second-largest oil and gas explorer, surged 5.7 percent after Japan confirmed gas output from methane hydrate, known as “burnable ice.”
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