Asian stocks slipped, with the region’s benchmark dropping for a fifth day as markets opened from a holiday, after the Bank of Japan didn’t add to monetary stimulus and China reported an unexpected trade surplus.
Nikkei 225 9,538.02 -8.24 -0.09%
Hang Seng 20,356.24 -236.76 -1.15%
S&P/ASX 200 4,292.26 -27.58 -0.64%
Shanghai Composite 2,305.86 +20.09 +0.88%
Sony Corp., which yesterday said it will cut 10,000 jobs, extended declines as the yen rose after the Bank of Japan’s decision to leave its stimulus measures unchanged.
China Resources Land Ltd. and other mainland developers dropped after better-than-expected Chinese exports and a report yesterday that inflation accelerated gave policy makers less room to ease monetary policy.
BHP Billiton Ltd., the world’s biggest miner, dropped 0.6 percent after crude prices fell.
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