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Most Asian stocks fell amid speculation shares may have risen too far, too fast. Japanese shares as the yen climbed against the dollar after hitting its lowest level in 2 1/2 years.
Nikkei 225 10,747.74 -165.56 -1.52%
Hang Seng 23,590.91 -10.87 -0.05%
S&P/ASX 200 4,777.5 +6.27 +0.13%
Shanghai Composite 2,328.22 +11.15 +0.48%
Sims Metal Management Ltd., the world’s largest scrap metal recycler, dropped 5 percent in Sydney as an internal investigation revealed potential fraud at two of its U.K. businesses.
Fanuc Corp. slid 3.9 percent in Tokyo after the factory-robotics company’s rating was cut at Citigroup Inc.China Vanke Co., the country’s biggest publicly traded property developer, surged 10 percent in Shenzhen on plans to move trading of its foreign-currency denominated shares to Hong Kong.
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