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Asian stocks fell, paring gains from last week that saw the benchmark index post its longest weekly winning streak on record, after China said it will target the slowest economic growth since 2004.
Nikkei 225 9,698.59 -78.44 -0.80%
Hang Seng 21,265.31 -296.95 -1.38%
S&P/ASX 200 4,262.97 -10.14 -0.24%
Shanghai Composite 2,445 -15.69 -0.64%
China Construction Bank Corp., the nation’s No. 2 lender by market value, slid 2 percent. It was the biggest drag on the MSCI Asia Pacific Index.
The third-largest drag was BHP Billiton Ltd., the world’s No. 1 mining company, which fell 0.8 percent in Sydney as metal prices dropped.
Hiwin Technologies Corp., a ball-bearing maker, declined 6.9 percent in Taipei after saying its February unconsolidated sales slumped 23 percent from a year earlier.
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