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Asian stocks dropped for a second day after companies including Honda Motor Co. reported earnings that disappointed investors and Hong Kong developers slid on a new real estate tax targeting foreign buyers.
Nikkei 225 8,929.34 -3.72 -0.04%
S&P/ASX 200 4,476.86 +4.48 +0.10%
Shanghai Composite 2,058.94 -7.27 -0.35%
Honda, Japan’s third-largest carmaker, tumbled 4.7 percent after cutting its full-year profit forecast.
New World Development Co. led Hong Kong’s property companies lower, dropping 7.1 percent.
LG Display Co. climbed 7.6 percent in Seoul after posting its first profit in more than a year.
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