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Asian stocks fell for a fourth day, poised for a three-month low, after a gauge of Chinese manufacturing fell and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts.
Nikkei 225 15,152.91 -250.20 -1.62%
Hang Seng 23,132 -113.96 -0.49%
S&P/ASX 200 5,089.63 -8.79 -0.17%
Shanghai Composite 2,160.86 -35.21 -1.60%
Toyota Motor Corp., Asia’s largest carmaker, slid 1.9 percent, leading losses among consumer-discretionary firms as the yen advanced against the dollar.
Senex Energy Ltd. sank 8.4 percent after its A$752 million ($674 million) initial takeover proposal for AWE Ltd. was rejected by the oil and gas explorer.
AWE shares surged 7.2 percent. Tokyo Electric Power Co. gained 1 percent on a report the government plans to double interest-free loans to the utility.
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