Most Asian Stocks Decline as Index Pares Monthly Advance
This article is for subscribers only.
Most Asian stocks declined, with the regional benchmark index paring its biggest monthly advance since September, as material producers dropped.
Rio Tinto Group, the world’s No. 2 mining company, dropped 1.3 percent after metals fell in London for the first time in five days. Lynas Corp., which operates a rare-earths processing plant in Malaysia, tumbled 18 percent in Sydney after completing a share placement and as debt-restructuring talks continue. Tokyo Electric Power Co., the utility at the center of the 2011 nuclear disaster, jumped 5.4 percent after a report the Japanese government may revise the law governing compensation after nuclear accidents.