• Asia Pacific stocks close:

Market news

12 March 2012

Asia Pacific stocks close:

 

Asian stocks fell, with the benchmark index headed for the first loss in three days, as Chinese exports grew at a slower pace than economists forecast, overshadowing a rebound in Japan’s machinery orders and better- than-expected U.S. jobs data.

Nikkei 225 9,889.86 -39.88 -0.40%

Hang Seng 21,134.18 +48.18 +0.23%

S&P/ASX 200 4,196.69 -15.30 -0.36%

Shanghai Composite 2,434.86 -4.60 -0.19%

Li & Fung Ltd., a supplier to Wal-Mart Stores Inc. that gets more than 95 percent of revenue from exports from China, fell 2 percent in Hong Kong.

Samsung Electronics Co., South Korea’s No. 1 consumer electronics exporter, slid 1.1 percent in Seoul after Apple Inc. claimed it violated a court order in a patent-infringement case.

Railway-related shares plunged in Hong Kong after a report a high-speed railway in China collapsed.

Hitachi Construction Machinery Co., a maker of bulldozers and cranes, rose 1.2 percent in Tokyo.

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