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Asian stocks fell after China raised fuel prices, sparking concern growth in the world’s fastest-growing major economy may slow, and a Federal Reserve official said the U.S. rebound still faces risks.
Nikkei 225 Closed
Hang Seng 20,876.75 -238.54 -1.13%
S&P/ASX 200 4,275.02 -15.78 -0.37%
Shanghai Composite 2,376.84 -33.35 -1.38%
Gome Electrical Appliances Holding Ltd., China’s second- biggest electronics retailer, dropped 4.5 percent.
Sun Hung Kai Properties Ltd. fell 2 percent after a director of the world’s No. 1 developer was arrested as part of a bribery investigation.
Transurban Group, an Australian operator of toll roads, dropped 2.6 percent after its largest shareholder sold a 7.9 percent stake at a discount.
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