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Asian stocks dropped, with the regional benchmark index heading for a fourth day of declines, after the yen strengthened and lenders fell. Resources shares slid after China’s industrial profit slowed.
Nikkei 225 13,661.13 -468.85 -3.32 %
Hang Seng 21,890.02 -78.93 -0.36 %
S&P/ASX 200 5,046.3 +4.27 +0.08 %
Shanghai Composite 1,976.31 -34.54 -1.72 %
Toyota Motor Corp. slipped 4.1 percent in Tokyo, pacing losses among Japanese exporters as the yen traded near a one-month low to the dollar.
Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded lender, dropped 4 percent, extending its biggest weekly decline in two months.
Jiangxi Copper Co., China’s biggest producer of the metal, fell 1.9 percent in Hong Kong.
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