Market news
10.05.2012, 09:16

Asia Pacific stocks close:

 


Asian stocks swung between gains and losses as forecasts for higher earnings by companies including Toyota Motor Corp. offset concern Greece will be forced out of the euro and signs China’s economy is slowing.

Nikkei 225 9,009.65 -35.41 -0.39%

Hang Seng 20,207.28 -123.36 -0.61%

S&P/ASX 200 4,295.6 +20.52 +0.48%

Shanghai Composite 2,410.62 +2.04 +0.08%

Bank of Communications Co. fell 1.3 percent in Hong Kong, pacing declines among Chinese lenders after a report mainland trade growth slowed.

LG Display Co., a maker of liquid-crystal displays that depends on Europe for about 18 percent of sales, slipped 2.4 percent in Seoul.

Toyota, Asia’s biggest carmaker, climbed 0.8 percent in Tokyo after saying profit this fiscal year may more than double.

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