• Asia Pacific stocks close

Market news

20 January 2014

Asia Pacific stocks close

Asian stocks fell after China’s economic growth slowed in the fourth quarter as gains in factory output and investment spending eased.

Nikkei 225 15,641.68 -92.78 -0.59%

S&P/ASX 200 5,295.05 -10.82 -0.20%

Shanghai Composite 1,991.25 -13.70 -0.68%

Industrial & Commercial Bank of China Ltd., the nation’s biggest lender by market value, dropped 1.4 percent in Hong Kong.

Nintendo Co. sank 6.2 percent in Tokyo, the second-biggest decline on the regional benchmark index, after the maker of Wii video-game consoles forecast a surprise full-year loss.

Ssangyong Motor Co. rose 1.4 percent after controlling shareholder Mahindra & Mahindra Ltd. announced plans to invest 1 trillion won ($939 million) in the South Korean carmaker.

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