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Asia Pacific stocks close
Asian stocks fell, with the regional benchmark index set to decline for a third day, as Advantest Corp. and Taiwan Semiconductor Manufacturing Co. led technology stocks lower.
Nikkei 225 14,589.91 -218.59 -1.48%
Hang Seng 21,324.99 -20.23 -0.09%
S&P/ASX 200 4,972.1 -21.32 -0.43%
Shanghai Composite 1,992.65 -30.75 -1.52%
Advantest, the world’s biggest maker of chip-manufacturing equipment, sank 7 percent in Tokyo after Nomura Holdings Inc. lowered its rating on the stock.
TSMC, as the No. 1 contract manufacturer of chips is known, dropped 6.9 percent in Taipei after forecasting sales that trailed estimates.
Orica Ltd., the largest maker of industrial explosives, slumped 13 percent in Sydney after cutting its profit forecast.
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