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Asian stocks fell for a second day on concern China’s economic slowdown is weighing on company earnings and after orders placed with U.S. factories for durable goods rose less than economists estimated.
Nikkei 225 10,114.79 -67.78 -0.67%
Hang Seng 20,609.39 -276.03 -1.32%
S&P/ASX 200 4,337.9 -5.61 -0.13%
Shanghai Composite 2,252.16 -32.72 -1.43%
PICC Property & Casualty Co. slid 4.1 percent in Hong Kong after China’s biggest non-life insurer reported lower-than- expected net income.
Toyota Motor Corp., Asia’s No. 1 carmaker by market value that gets 28 percent of its revenue in North America, fell 1.7 percent.
Speco Co. led gains among South Korean defense-related companies on a report that North Korea has begun to fuel a rocket it plans to launch.
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