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Asian stocks swung between gains and losses as concern that a global economic slowdown is weighing on earnings was offset by China reporting better-than-expected exports and the slowest inflation rate in two years.
Nikkei 225 8,577.93 +43.81 +0.51%
S&P/ASX 200 4,483.4 -3.18 -0.07%
Shanghai Composite 2,090.81 -14.12 -0.67%
ZTE Corp., China’s second-largest maker of telephone equipment, plunged 15 percent after saying it expects a third- quarter loss.
Samsung Electronics Co., which gets 28 percent of its revenue in China, added 1 percent in Seoul.
Renesas Electronics Corp., the world’s largest microcontroller maker, jumped 14 percent in Tokyo after people familiar with the matter said it may be acquired.Softbank Corp. dropped 4.1 percent as three people familiar with the talks said Japan’s third-largest mobile-phone company is close to an agreement to buy a 70 percent stake in Sprint Nextel Corp.
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