Asian stocks outside Japan slid toward a two-month low amid concern a budget standoff in the U.S. may curb global growth. Japanese shares gained on speculation a change of government may result in more action to stimulate the economy.
BHP Billiton Ltd. (BHP), the worldâ€™s largest mining company, fell 1.8 percent in Sydney, declining for a sixth day in its longest losing streak since July. Tencent Holdings Ltd. (700), Chinaâ€™s biggest Internet company, dropped 7 percent in Hong Kong after earnings missed estimates. Nippon Steel & Sumitomo Metal Corp. surged 4.8 percent in Tokyo.
The MSCI Asia Pacific Ex-Japan Index (MXAPJ) fell 1.1 percent to 433.82 as of 5:52 p.m. in Tokyo, the lowest level since September. Hong Kongâ€™s Hang Seng lost 1.6 percent and Chinaâ€™s Shanghai Composite declined 1.2 percent as Xi Jinping replaced Hu Jintao as head of the Chinese Communist Party. Japanâ€™s Nikkei 225 Stock Average (NKY) rose 1.9 percent.
- 2Why one economist says no recession until at least 2016
- 2Pound rises against the dollar after U.K. GDP data
- 2Pound Halts Three-Day Drop as U.K. Growth Meets Estimates
- 2Deutsche Bank Said to Have Passed ECB Stress Test
- 2Amazon CEO Bezos Faces Season of Worsts as Losses Mount
- 3U.S. Stocks Extend Rally on Earnings; Dollar Declines
- 3Fedâ€™s $4 Trillion Holdings to Boost Growth Beyond End of QE
- 3ECB Set to Fail 25 Banks in Review, Draft Document Shows
- 4Gold Rises From 1-Week Low as Investors Assess Economy
- 3Wall St. little changed as Microsoft offsets Amazon
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar draghi ecb economy eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news fx gbp/usd gold google greece imf obama oil pound s&p 500 spain stock stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen