• Asia Pacific stocks close:

Market news

22 October 2012

Asia Pacific stocks close:

 

 

Asian stocks fell, with the regional benchmark index retreating after its biggest weekly advance in a month, as Japan’s exports dropped at the fastest pace since last year’s post-earthquake slump amid a global economic slowdown and a territorial dispute with China.

Nikkei 225 9,010.71 +8.03 +0.09%

S&P/ASX 200 4,541 -30.07 -0.66%

Shanghai Composite 2,134.24 +5.94 +0.28%

Komatsu Ltd., the Japanese maker of construction machinery that gets 14 percent of sales from China, slid 2.4 percent in Tokyo.

Treasury Wine Estates Ltd. slumped 7.3 percent in Sydney after Australia’s biggest wine maker forecasting a decline in first-half earnings.

GrainCorp Ltd. jumped 39 percent after Archer-Daniels-Midland Co. offered to buy the Australian grain handler.


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