• Asia Pacific stocks close

Market news

16 December 2013

Asia Pacific stocks close

Asian stocks fell for a fourth day, poised for a three-month low, after a gauge of Chinese manufacturing fell and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts.

Nikkei 225 15,152.91 -250.20 -1.62%

Hang Seng 23,132 -113.96 -0.49%

S&P/ASX 200 5,089.63 -8.79 -0.17%

Shanghai Composite 2,160.86 -35.21 -1.60%

Toyota Motor Corp., Asia’s largest carmaker, slid 1.9 percent, leading losses among consumer-discretionary firms as the yen advanced against the dollar.

Senex Energy Ltd. sank 8.4 percent after its A$752 million ($674 million) initial takeover proposal for AWE Ltd. was rejected by the oil and gas explorer.

AWE shares surged 7.2 percent. Tokyo Electric Power Co. gained 1 percent on a report the government plans to double interest-free loans to the utility.


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