Asian Stocks Decline Second Day on U.S. Sentiment, Miners
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Asia’s benchmark stock index slid a second day after U.S. consumer confidence unexpectedly fell and raw-material companies declined.
Industrial Bank of Korea sank 4.2 percent after the South Korea government sold more than 13 million shares in the lender. BHP Billiton Ltd. lost 1.5 percent in Sydney after copper yesterday fell for the first time in a week. Rakuten Inc. surged 6.4 percent in Tokyo, leading Asia-Pacific information technology shares higher, after the e-commerce company said it will boost its dividend.