Economics

Asian Stocks Fall From Six-Year High as Yen Holds Gains

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Asian stocks fell from a six-year high, dragging the benchmark regional index lower for the first time in three days, as the yen held gains against the dollar and materials producers retreated.

Bridgestone Corp., a Japanese tiremaker that gets most of its sales abroad, declined 1.3 percent. Nippon Steel & Sumitomo Metal Corp. slumped 2.5 percent in Tokyo, helping send materials companies lower. Datang International Power Generation Co., the listed unit of one of China’s five largest power generators, surged the most in more than 15 years in Hong Kong on plans to restructure its coal-to-chemical business.