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Asian stocks swung between gains and losses after a private survey showed China’s manufacturing may contract at a slower pace this month and Moody’s Investors Service cut the credit outlook for Germany.
Nikkei 225 8,488.09 -20.23 -0.24%
S&P/ASX 200 4,133.23 +4.29 +0.10%
Shanghai Composite 2,146.59 +5.19 +0.24%
China Railway Construction Corp. Ltd., builder of more than half of the nation’s rail links since 1949, gained 1.8 percent in Hong Kong after signing 20 billion yuan ($3.1 billion) in new contracts.
Nintendo Co., a maker of video-game players that depends on Europe for 34 percent of its sales, dropped 2.1 percent.
SK Telecom Co., the biggest South Korean wireless operator, rose 6 percent in Seoul, after the company’s decision to eliminate some handset subsidies prompted speculation profit will increase.
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