Economics
Asian Stocks Drop Second Day on Miners, China Resources
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Asian stocks fell for a second day as industrial companies led declines and China Resources Power Holdings Co. slumped amid a graft investigation.
Rio Tinto Group, the world’s second-largest mining company, lost 1 percent in Sydney as copper futures dropped. China Resources Power plunged 9.6 percent in Hong Kong after China’s anti-corruption agency said it’s probing the chairman of the company’s parent. Great Wall Motor Co., China’s biggest maker of sport-utility vehicles, fell the most since January after first-quarter earnings disappointed analysts at Deutsche Bank AG.