Economics
Asian Stocks Outside Japan Drop on Fed, China Concerns
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Asian stocks outside Japan fell, with a regional gauge heading for its lowest close since September, on concern the Federal Reserve will reduce stimulus and China’s economic slowdown may deepen amid a cash crunch.
Guangzhou R&F Properties Co. dropped 2.4 percent, pacing losses among Chinese developers even as the nation’s money-market rates retreated from records. Newcrest Mining Ltd., Australia’s No. 1 gold producer, slumped 3.7 percent as the bullion headed for its biggest weekly drop since September 2011. Honda Motor Co. rose 2 percent, leading a rebound among Japanese exporters after the yen weakened.