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Asian stocks dropped after the regional benchmark index climbed for a sixth day yesterday to cap its longest run of advances this year.
Nikkei 225 14,534.74 -265.32 -1.79%
S&P/ASX 200 5,308.1 -1.95 -0.04%
Shanghai Composite 2,098.4 -11.55 -0.55%
Asahi Group Holdings Ltd. slid 4.5 percent in Tokyo after Japan’s second-largest beermaker’s net-income forecast missed estimates.
Tokyo Tatemono Co. plunged 8.3 percent after the developer predicted full-year operating profit below analyst expectations.
Qantas Airways Ltd. jumped 6.3 percent after the Sydney Morning Herald reported that Australian Treasurer Joe Hockey said the nation’s biggest carrier met pre-conditions for government support.
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