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Asian stocks fell, with the regional benchmark index headed for its biggest loss in more than three weeks, as a gauge of China’s services industries dropped, signaling growth may slow in the world second-biggest economy.
Nikkei 225 15,908.88 -382.43 -2.35%
S&P/ASX 200 5,324.88 -25.22 -0.47%
Shanghai Сомпосите 2,045.71 -37.43 -1.80%
SoftBank Corp., a Japanese mobile phone operator, slid 3.5 percent after the rating of Sprint Corp., which SoftBank acquired last year, was cut at Cowen and Company.
Fast Retailing Co., Asia’s biggest apparel chain, lost 5.8 percent in Tokyo as the Nikkei 225 Stock Average slipped from a six-year high.
China Railway Group Ltd. slumped 3.3 percent in Hong Kong after China’s second-largest rail builder said its president died in an accident.
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