Asian Stocks Fall as Oil’s Decline Signals Slowing China Economy
Commodity Rout Hits Major Players Hard
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Asian stocks fell a fourth day as a deepening commodities selloff raised concern growth may be slowing in China, and as investors await clues from the Federal Reserve on the timing of a U.S. interest-rate increase.
Galaxy Entertainment Group Ltd. sank 4.4 percent as the Macau casino operator said quarterly earnings plunged 46 percent. Seek Ltd. tumbled 11 percent in Sydney after the Australian website operator said revenue growth will slow. Daiichi Sankyo Co. slumped 5.4 percent in Tokyo after Morgan Stanley cut its rating on the drugmaker.