• Asian stocks closed

Market news

31 July 2014

Asian stocks closed

Asian stocks fell, with the regional benchmark index paring its third straight monthly gain, as Samsung Electronics Co. and Nintendo Co. led information technology shares lower.

S&P/ASX 200 5,632.9 +10.01 +0.18%

TOPIX 1,289.42 -2.82 -0.22%

SHANGHAI COMP 2,201.56 +20.32 +0.93%

Samsung sank 3.7 percent in Seoul as the world's biggest manufacturer of smartphones posted net income that fell short of expectations amid increased competition from Apple Inc. and Chinese producers.

Nintendo slumped 6.5 percent in Tokyo after the maker of Wii game consoles reported its third loss in the past four quarters.

Singapore Airlines Ltd. slipped 2.6 percent after Asia's second-largest carrier by market value reported weaker earnings.

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