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Asian stocks fell as a decline in Japanese banks after forecasting
lower earnings offset a report that Japan's economy expanded faster
than analysts estimated in the first quarter.
Nikkei 225 15,037.24 -58.79 -0.39%
S&P/ASX 200 5,165.7 -25.96 -0.50%
Shanghai Composite 2,245.43 +20.63 +0.93%
Mitsubishi UFJ Financial Group Inc. sank 2.9 percent, leading Japanese lenders lower.
Daewoo Shipbuilding & Marine Engineering Co., South Korea's third-biggest shipbuilder, fell 10 percent as first-quarter profit plunged.
Dai-ichi Life Insurance Co., Japan's second-largest life insurer, jumped 7.3 percent after projecting improved earnings and a stock split.
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