Asian stocks fell, with the regional benchmark index posting its biggest drop since June 20, as Japanese shares led declines across the region after the yen gained for a fourth day and metals prices slid.
Hong Kong stocks fell, with the benchmark index capping its biggest weekly drop in a year, before the release of U.S. jobs data that may give guidance on Federal Reserve stimulus plans. Shares also dropped ahead of China’s inflation and trade reports.
Toyota Motor Corp .’s Daihatsu minicar unit, Sharp Corp . and East Japan Railway Co . delayed their financial forecasts for the year, citing difficulties estimating the toll from last month’s natural disaster.
Asian stocks fell for a second day amid concern shares rose too fast after the regional benchmark index hit a 19-month high this week. Chinese companies tumbled in Hong Kong after the nation’s central bank chief said he’s on “high alert” for inflation.
Asian stocks rose, with the regional benchmark index headed for its first gain this week, after U.S. jobless claims fell more than estimated and China and Japan agreed to hold talks over a territorial dispute that has disrupted trade between Asia’s biggest economies.
Asian stocks dropped for a third time in four days as concern mounted Europe’s debt crisis will spread and as South Korea proceeded with an artillery drill that has prompted threats of retaliation from North Korea.