• Asia Pacific stocks close

Market news

11 June 2013

Asia Pacific stocks close

Asian stocks fell, led by Japanese shares, after the Bank of Japan kept its policy unchanged. Chinese stocks listed in Hong Kong headed for the longest losing streak in 17 years.

Nikkei 225 13,317.62 -196.58 -1.45%

Hang Seng 21,345.18 -269.91 -1.25%

S&P/ASX 200 4,757.06 +19.36 +0.41%

Shanghai Composite 2,210.9 -31.21 -1.39%

Mitsubishi Estate Co., Japan's biggest developer by market value, dropped 4.4 percent after the BOJ refrained from adding to its purchase of real estate investment trusts.

SoftBank Corp. lost 0.4 percent after raising its offer for Sprint Nextel Corp. by 7.5 percent to $21.6 billion.

Samsung Electronics Co., the second heaviest-weighted stock on the MSCI Asian Pacific Index, dropped 2.5 percent in Seoul after its price target was cut at Morgan Stanley.

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