Asian stocks outside Japan fell after the International Monetary Fund said risks are rising for slower growth in China. Japanese shares rose as the yen fell.

Nikkei 225 14,808.5 +193.46 +1.32%

Hang Seng 21,345.42 -26.45 -0.12%

S&P/ASX 200 4,993.42 +11.74 +0.24%

Shanghai Composite 2,023.4 -21.53 -1.05%

China Shanshui Cement Group slumped 11 percent in Hong Kong after saying first-half profit will drop.

Innolux Corp. and AU Optronics Corp. fell at least 4.6 percent in Taipei on a report Taiwan and Korean panel makers cut output this month.

SoftBank Corp., a Japanese mobile phone operator, rose 4 percent after forming a fuel-cell venture with Bloom Energy Corp.