- Asia Pacific stocks close:
Market news
20 August 2012
Asia Pacific stocks close:
Asian stocks fell on concern China won’t ease monetary policy even as corporate earnings deteriorate amid slowing economic growth, offsetting optimism for the global outlook after U.S. consumer confidence improved.
Nikkei 225 9,171.16 +8.66 +0.09%
S&P/ASX 200 4,364.3 -5.80 -0.13%
Shanghai Composite 2,106.81 -8.09 -0.38%China Pacific Insurance (Group) Co., the nation’s third- largest insurer, slid 2.2 percent in Hong Kong after its profit slumped.
Country Garden Holdings Co., a Chinese builder of apartments, fell 0.7 percent as rising house prices sparked concern China will tighten property curbs.
LG Innotek, a cellular phone parts maker, climbed 5.5 percent in Seoul after a report that sales of its camera modules will grow.
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