Asian stocks dropped, with the regional benchmark index paring its first monthly advance since April, before U.S. economic growth data and the conclusion of a Federal Reserve policy meeting.

Nikkei 225 13,668.32 -201.50 -1.45% 1.86b

Hang Seng 21,876 -77.96 -0.36% 954.87m

S&P/ASX 200 5,051.98 +4.74 +0.09% 632.31m

Shanghai Composite 1,993.8 +3.73 +0.19% 70.16k

HTC Corp., Taiwan’s biggest smartphone maker, tumbled 6.7 percent after forecasting an eighth consecutive drop in quarterly sales.

GungHo Online Entertainment Inc., which has climbed 10-fold this year, slumped 13 percent in Tokyo as more than five shares fell for each that rose on the Topix index.

China Overseas Land & Investment Ltd. rose 2.7 percent in Hong Kong, pacing gains among Chinese developers, after the government endorsed development of the property market.