• Friday: Asia Pacific stocks close

Market news

12 April 2013

Friday: Asia Pacific stocks close

Asian stocks fell from the highest level in 20 months, paring the biggest weekly advance since September. Most Japanese shares dropped as the yen strengthened against the dollar.

Nikkei 225 13,485.14 -64.02 -0.47%

S&P/ASX 200 5,013.5 +6.43 +0.13%

Shanghai Composite 2,205.93 -13.62 -0.61%

GS Engineering & Construction Corp. tumbled by the daily 15 percent limit in Seoul for a second day after reporting an unexpected loss.

Infosys Ltd. slumped the most in 10 years as India’s second-largest software exporter forecast sales that missed estimates. Kyushu Electric Power Co. led a surge in Japanese electricity companies after SMBC Nikko Securities Inc. said it was bullish on the industry’s earnings outlook.


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