• Asia Pacific stocks close:

Market news

12 March 2013

Asia Pacific stocks close:

Asian stocks fell from a 19-month high as Chinese shares extended their decline. Japan Petroleum Exploration Co. surged after Japan confirmed it has extracted frozen natural gas from under the seabed.

Nikkei 225 12,314.81 -34.24 -0.28%

Hang Seng 22,890.6 -200.22 -0.87%

S&P/ASX 200 5,117.87 -29.04 -0.56%

Shanghai Composite 2,286.6 -23.99 -1.04%

China Cosco Holdings Co., the nation’s biggest shipping company, dropped 5.3 percent after Citigroup Inc. said the sale of its logistics unit means the loss of a stable, growing business.

Whitehaven Coal Ltd., Australia’s second-biggest independent coal producer, sank 5.5 percent on government plans for stricter coal mining approvals.

Japan Petroleum, the country’s second-largest oil and gas explorer, surged 5.7 percent after Japan confirmed gas output from methane hydrate, known as “burnable ice.”
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