Asian stocks dropped, with the regional gauge retreating from a three-month high, after Japan reported a wider-than-expected trade deficit and as investors await developments from a euro-area finance ministers meeting this week to discuss details of the bailout package for Greece.
Nikkei 225 9,131.74 -25.18 -0.27%
S&P/ASX 200 4,376 -7.38 -0.17%
Shanghai Composite 2,098.21 -20.06 -0.95%
Canon Inc., a camera maker that gets 31 percent of sales from Europe, fell 1.1 percent in Tokyo.
Samsung Electronics Co., the world’s largest maker of computer memory chips, slid 1.4 percent after customer Dell Inc. cut its full-year profit forecast amid a slump in demand for personal computers.
Woodside Petroleum Ltd. declined 3.1 percent in Sydney after Australia’s No. 2 oil producer posted first-half profit that missed analyst estimates.