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Asian stocks fell, with the regional benchmark index headed for the biggest two-day loss in two months, as companies cut forecasts and Australia’s central bank trimmed its national growth outlook. Shares pared losses after data added to signs China’s economy is bottoming.
Nikkei 225 8,757.6 -79.55 -0.90%
Hang Seng 21,353.1 -213.81 -0.99%
S&P/ASX 200 4,462.02 -21.80 -0.49%
Shanghai Composite 2,069.07 -2.44 -0.12%
Nexon Co., a developer of online games, slumped 16 percent in Tokyo after cutting its net-income forecast.
Emeco Holdings Ltd., a mining-equipment maker, plunged 17 percent in Sydney after reducing its profit target.
National Australia Bank Ltd., the nation’s fourth-biggest lender by market value, dropped 0.7 percent in Sydney.
Chinese developer Guangzhou R&F Properties Company Ltd. rose 1.6 percent in Hong Kong.
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