Asian Stocks Fall, Snapping 11-Day Rally, Ahead of Fed
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Asian stocks fell, with the regional benchmark index snapping an 11-day rally, as the U.S. and Russia hold talks on Syria and investors await the outcome of a Federal Reserve meeting next week.
BHP Billiton Ltd., the biggest mining company, slipped 1 percent in Sydney as metal futures headed for a weekly decline. Mitsui OSK Lines Ltd., which has the world’s largest merchant shipping fleet, fell 3.5 percent after a gauge of freight rates halted an eight-day rally. Sun Hung Kai Properties Ltd., the world’s No. 2 developer by market value, dropped 1.4 percent in Hong Kong after setting a lower sales target this year.