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Most Asian stocks fell, paring this week’s advance, after Sony Corp. posted an unexpected loss and the European Central Bank said the euro’s strength could hamper an economic recovery, damping the profit outlook for exporters.
Nikkei 225 11,153.16 -203.91 -1.80%
Hang Seng 23,215.16 +38.16 +0.16%
S&P/ASX 200 4,971.3 +35.59 +0.72%
Shanghai Composite 2,432.4 +13.87 +0.57%
Sony tumbled 10 percent after posting an eighth-straight quarterly loss and cutting sales targets for TVs, gaming devices and cameras.
GS Engineering & Construction Corp. lost 7 percent in Seoul, among the biggest declines on the Asian benchmark, after reporting a fourth-quarter loss.
Fujitsu Ltd., a Japanese maker of computers, network equipment and mobile phones, gained 5.1 percent after saying it will eliminate 5,000 jobs and merge its LSI chip business with Panasonic Corp.
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