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Asian stocks fell for a second day, extending last week’s loss, amid concern exporter earnings are deteriorating and after a report Chinese banks have understated the risks of loans to local governments.
Nikkei 225 10,018.24 +6.77 +0.07%
Hang Seng 20,668.86 +0.06 0.00%
S&P/ASX 200 4,262.8 -7.59 -0.18%
Shanghai Composite 2,350.6 +1.06 +0.05%
BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., slumped 5 percent in Hong Kong after saying first-quarter profit may fall as much as 95 percent.
Agricultural Bank of China Ltd. led mainland lenders lower in Hong Kong.
Leighton Holdings Ltd. rose 2.7 percent after Australia’s largest builder said it won $400 million in new contracts.
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