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Asia Pacific stocks close
Asian stocks swung between gains and losses as U.S. lawmakers resumed talks to avoid a default ahead of tomorrow’s deadline to raise the debt ceiling.
Nikkei 225 14,467.14 +25.60 +0.18%
Hang Seng 23,228.33 -108.19 -0.46%
S&P/ASX 200 5,262.91 +3.76 +0.07%
Shanghai Composite 2,193.07 -40.34 -1.81% 154.64k
Techtronic Industries Co., a maker of power tools that gets about 73 percent of sales from North America, slipped 3 percent in Hong Kong.
Japan Tobacco Inc., Asia’s largest listed cigarette maker, slid 2 percent on a report on how much it would raise prices after the nation’s sales-tax increase disappointed investors.
GungHo Online Entertainment Inc. jumped 16 percent in Tokyo after the game developer and its parent SoftBank Corp. agreed to buy 51 percent of Finland’s Supercell Oy.
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