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Asian stocks outside Japan dropped as China resumed trading after a weeklong holiday and ahead of a meeting by European finance ministers today aimed at easing the region’s debt crisis. Companies that do business in Europe dropped as European finance ministers meet in Luxembourg today to discuss Spain’s overhaul effort and closer banking cooperation. Spanish Prime Minister Mariano Rajoy will travel to Paris on Oct. 10 for talks with French President Francois Hollande. German Chancellor Angela Merkel will visits Greece tomorrow for the first time since the sovereign-debt crisis erupted.
Nikkei 225 8,863.3 +38.71 +0.44%
S&P/ASX 200 4,481.9 -12.48 -0.28%
Shanghai Composite 2,067.58 -18.59 -0.89%
LG Display Co., the world’s second-largest maker of liquid- crystal displays that gets 18 percent of sales in Europe, fell 2.4 percent in Seoul.
CapitaLand Ltd. dropped 2.7 percent, pacing declines among Singapore property developers, after the central bank restricted home-loan maturities for residential properties.
ZTE Corp. decreased 3.7 percent in Hong Kong after a draft U.S. congressional report said China’s largest phone- equipment maker poses a security threat.
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