Most Asian stocks fell, with the regional benchmark index reversing an earlier gain, as Chinese banks led declines on renewed concern the nation will raise interest rates, hampering the global economic recovery.
China’s stocks fell, sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won’t be enough to avert asset bubbles in the world’s third-largest economy.
China’s stocks rose, driving the benchmark index to its longest stretch of weekly gains in seven months, on speculation the central bank may take more measures to boost economic growth and signs that a cash crunch is easing.
China’s stocks rebounded, capping a second week of gains for the benchmark index, as concerns about faster inflation and a property bubble spurred investors to switch to drugmakers and other so-called defensive industries.
China’s stocks fell, dragging the benchmark index lower for a second time this week, on concern a slowdown in economic growth is deepening and that the government will stick to measures to contain real-estate prices.