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Asian stocks fell, snapping the regional benchmark’s longest winning streak in six weeks, amid mixed corporate earnings across the region and after economists predicted the Federal Reserve will reduce stimulus next month.
Nikkei 225 13,752.94 -297.22 -2.12%
Hang Seng 22,494.53 -46.60 -0.21%
S&P/ASX 200 5,152.37 -5.05 -0.10%
Shanghai Composite 2,081.88 -18.26 -0.87%
Sony Corp., an electronics maker that gets 68 percent of sales overseas, slid 1.6 percent, pacing declines among Japanese exporters as the yen rose.
Thai Beverage Pcl., a brewer controlled by billionaire Charoen Sirivadhanabhakdi, sank 5.2 percent in Singapore after posting lower sales and profit.
Li & Fung Ltd., the world’s biggest supplier of toys and clothes to retailers including Wal-Mart Stores Inc., jumped 12 percent in Hong Kong after saying business is recovering.
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