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Asian stocks fell as Chinese services industries expanded at the weakest pace since at least March 2011 and Spain’s prime minister said that a bailout request isn’t imminent.
China’s non-manufacturing industries expanded at the weakest pace since at least March 2011 as officials struggle to reverse a slowdown in the world’s second-biggest economy.
Nikkei 225 8,746.87 -39.18 -0.45%
S&P/ASX 200 4,438.56 +5.58 +0.13%
Shanghai Composite Closed
Companies that do business in Europe dropped. Canon slid 1.9 percent to 2,555 yen in Tokyo. Shimano Inc., a Japanese bicycle parts maker that counts Europe as its biggest market, fell 0.6 percent to 5,420 yen.
Among stocks that fell, Daiichi Sankyo sank 5.4 percent to 1,191 yen in Tokyo. A panel of scientific advisers recommended an early end to the trial of a lung-cancer medicine the Japanese company is trying to develop with ArQule Inc., a Massachusetts- based maker of experimental drugs.
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