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Asian stocks declined as sales of previously owned homes in the U.S. trailed estimates and on speculation China’s Premier Wen Jiabao will lower the target for economic growth this year.
Nikkei 225 9,595.57 +41.57 +0.44%
Hang Seng 21,380.99 -168.29 -0.78%
S&P/ASX 200 4,286.19 -6.93 -0.16%
Shanghai Composite 2,409.55 +5.97 +0.25%
Datang International Power Generation Co., a mainland utility, slid 1 percent in Hong Kong.
Samsung Electronics Co. dropped 3.1 percent in Seoul, leading technology stocks lower after Hewlett-Packard Co. forecast profit that missed estimates.
Mazda Motor Corp. sank 6.8 percent after Japan’s least profitable major carmaker said it plans to sell as much as 162.8 billion yen ($2 billion) in new shares.
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