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Asian stocks fell as the political impasse in Greece added to speculation the nation will leave the euro union and Moody’s Investors Service downgraded Italian banks ahead of a report that may show Europe’s economy shrank.
Nikkei 225 8,900.74 -73.10 -0.81%
S&P/ASX 200 4,266.3 -30.69 -0.71%
Shanghai Composite 2,361.17 -19.56 -0.82%
Nippon Sheet Glass Co., a glassmaker that counts Europe as its No. 1 market, slumped 1 percent in Tokyo after saying it may continue to suspend some production in Europe this year on slumping demand.
BHP Billiton Ltd., the world’s largest mining company, declined 2.2 percent in Sydney after metal prices fell.
China Overseas Land & Investment Ltd., the mainland’s biggest developer by market value, fell 1 percent in Hong Kong after a report Shanghai tightened home-purchase restrictions.
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