Asian stocks fell for a second day as foreign direct investment into China dropped for a fifth month, and Spanish borrowing costs climbed to the highest level this year ahead of a debt auction by the nation today.
China Construction Bank Corp. retreated 2.6 percent in Hong Kong even as investment slipped at about half the rate forecast by economists.
Nikkei 225 9,464.71 -5.93 -0.06%
Hang Seng 20,554.15 -56.49 -0.27%
S&P/ASX 200 4,288.79 -13.55 -0.31%
Shanghai Composite 2,334.98 -22.04 -0.94%
Esprit Holdings Ltd., which depends on Europe for about 80 percent of its sales, retreated 3.6 percent as Spain prepares to sell bonds later today. Apple Inc. suppliers fell amid concern demand for the company’s products will slow.
Gree Inc., a Japanese social-network game operator, rose 9.1 percent in Tokyo after Bank of America Merrill Lynch said its domestic revenue growth is accelerating.