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Asia Pacific stocks close
Asia’s benchmark stock index fell from an almost three-month high amid a renewed selloff of technology shares and as a stronger yen dragged Japanese equities toward their worst week since June.
Nikkei 225 13,960.05 -340.07 -2.38%
S&P/ASX 200 5,428.6 -52.15 -0.95%
Shanghai Composite 2,133.97 -0.33 -0.02%
Fast Retailing Co., which comprises 10 percent of Japan’s Nikkei 225 Stock Average, tumbled 8 percent in Tokyo after Asia’s biggest clothing retailer cut its forecast for annual profit.
Tencent Holdings Ltd. slid 4 percent in Hong Kong, with Asia’s No. 1 Internet company following yesterday’s rout in U.S. technology shares.
Hong Kong Exchanges & Clearing Ltd. surged 11 percent, the most in more than five years, after an agreement to link Shanghai and Hong Kong markets.
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