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Asia Pacific stocks close:
Most Asian stocks fell amid speculation shares may have risen too far, too fast. Japanese shares as the yen climbed against the dollar after hitting its lowest level in 2 1/2 years.
Nikkei 225 10,747.74 -165.56 -1.52%
Hang Seng 23,590.91 -10.87 -0.05%
S&P/ASX 200 4,777.5 +6.27 +0.13%
Shanghai Composite 2,328.22 +11.15 +0.48%
Sims Metal Management Ltd., the world’s largest scrap metal recycler, dropped 5 percent in Sydney as an internal investigation revealed potential fraud at two of its U.K. businesses.
Fanuc Corp. slid 3.9 percent in Tokyo after the factory-robotics company’s rating was cut at Citigroup Inc.
China Vanke Co., the country’s biggest publicly traded property developer, surged 10 percent in Shenzhen on plans to move trading of its foreign-currency denominated shares to Hong Kong.
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