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Asian stocks fell amid concern that talks among European leaders to resolve the region’s debt crisis are deadlocked, curbing the earnings outlook for the region’s exporters.
Nikkei 225 9,069.29 -40.71 -0.45%
S&P/ASX 200 4,385.5 -22.79 -0.52%
Shanghai Composite 2,038.33 +11.64 +0.57%
Canon Inc., a Japanese camera maker that gets 30 percent of its sales in Europe, slid 3.9 percent.
Rio Tinto Group, the world’s third-largest mining company, retreated 2.4 percent in Sydney as declining copper prices dragged raw-material shares lower.Newcrest Mining Ltd., Australia’s biggest gold producer, slid 1.9 percent as JPMorgan Chase & Co. downgraded its recommendation on the shares.
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