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Asia Pacific stocks close
Asian stocks fell as China’s factory-gate prices extended the longest streak of declines since the Asian financial crisis and Federal Reserve minutes showed officials saw diminishing benefits from bond buying.
Nikkei 225 15,880.33 -241.12 -1.50%
Hang Seng 22,787.33 -209.26 -0.91%
S&P/ASX 200 5,324.41 +8.36 +0.16%
Shanghai Composite 2,027.62 -16.72 -0.82%
Canon Inc. lost 2 percent in Tokyo on a report operating profit at the world’s biggest camera maker probably missed its own forecast.
Belle International Holdings Ltd., China’s No. 1 seller of footwear, fell 3.4 percent in Hong Kong after surging 13 percent yesterday.
Daiei Inc. slumped 7.3 percent in Tokyo as the supermarket operator cut its operating-profit forecast.
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