• Asia Pacific stocks close

Market news

3 July 2013

Asia Pacific stocks close

Asian stocks dropped for the first time in six days as resource companies retreated after metals prices slid overnight and an official report showed China's services industry expanded at a slower pace.

Nikkei 225 14,055.56 -43.18 -0.31%

Hang Seng 20,197.19 -461.46 -2.23%

S&P/ASX 200 4,744.13 -89.88 -1.86%

Shanghai Composite 1,994.27 -12.29 -0.61%

BHP Billiton Ltd., the world's largest mining company, sank 3.2 percent.

Tokyo Electric Power Co. led declines on the Asia-Pacific equity benchmark after the Japanese utility soared 19 percent yesterday.

Suntory Beverage & Food Ltd. gained 1.5 percent on its debut in Tokyo after raising almost $4 billion in Asia's largest public offering this year.

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