Most Chinese stocks fell, with small-company shares slumping for a fourth day on concern new equity sales will divert funds. Property developers rose after Anbang Life Insurance Co. raised its stake in Gemdale Corp.
Asian stocks fell after an unexpected drop in U.S. home sales signaled a housing recover in the world’s largest economy is running out of steam, while investors weighed better-than-estimated earnings from Apple Inc. and Facebook Inc.
Google Inc.’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. against some of Apple Inc.’s patent claims.
U.S. index futures climbed while a gauge of Asian shares slid as investors assessed the outlook for corporate earnings after profit at Apple Inc. and Facebook Inc. beat estimates. New Zealand’s dollar gained after the central bank raised interest rates and nickel advanced.