• Tuesday: Asia Pacific stocks close

Market news

21 May 2013

Tuesday: Asia Pacific stocks close

Asia's benchmark stock index swung between gains and losses as Australian banks fell, Goldman Sachs Group Inc. sold a $1.1 billion stake in Industrial & Commercial Bank of China Ltd., and Tokyo Electric Power Co. surged.

Nikkei 225 15,381.02 +20.21 +0.13%

S&P/ASX 200 5,180.1 -28.93 -0.56%

Shanghai Composite 2,300.61 +0.62 +0.03%

ICBC, the world's largest lender by market value, sank 2 percent in Hong Kong.

Westpac Banking Corp. and Commonwealth Bank of Australia, the two biggest Australian lenders, each slid at least 1 percent as minutes of this month's central bank meeting highlighted concern about business conditions.

Tokyo Electric Power gained 12 percent, taking this month's rise to 90 percent.
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