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Asian stocks fell, with the regional benchmark index set for its biggest drop in a month, led by mining companies as commodities slumped on concern weaker global economic growth will crimp demand for raw materials.
Nikkei 225 13,220.07 -162.82 -1.22%
Hang Seng 21,490.56 -79.11 -0.37%
S&P/ASX 200 4,924.4 -80.15 -1.60%
Shanghai Composite 2,197.6 +3.81 +0.17%
BHP Billiton Ltd., the world’s biggest miner, sank 4.3 percent in Sydney.
LG Display Co., which supplies touch screens for Apple Inc., dropped 4.8 percent in Seoul after audio-chip maker Cirrus Logic Inc. reported an inventory glut that suggests iPhone sales may fall short of expectations.
Softbank Corp., Japan’s third-largest wireless carrier, lost 1.6 percent as a rival’s bid for Sprint Nextel Corp. gained shareholder support.
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