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Asian stocks fell, heading for the largest monthly slide in eight months, after the Federal Reserve pressed on with cuts to U.S. economic stimulus and as a report showed China’s manufacturing industry contracted.
Nikkei 225 15,007.06 -376.85 -2.45%
Hang Seng 22,035.42 -106.19 -0.48%
S&P/ASX 200 5,188.06 -40.95 -0.78%
Shanghai Composite 2,033.08 -16.83 -0.82%
Honda Motor Co., which gets 83 percent of its auto sales abroad, lost 2.5 percent as Japanese exporters retreated after the yen gained from the close of equity markets in Tokyo yesterday.
Treasury Wine Estates Ltd. slumped by a record 20 percent in Sydney as the world’s second-largest publicly traded wine maker said earnings fell.
Hitachi Metals Ltd. surged 5.1 percent in Tokyo, leading gains on the regional benchmark index, after profit at the steel manufacturer topped analyst estimates.
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