Asian Stocks Decline, Poised to Erase Monthly Gain on Earnings

Asian Stocks Decline, Poised to Erase Monthly Gain on Earnings

Daniel Acker/Bloomberg

Yamaha Corp., a musical instruments maker, retreated 7.3 percent to 722 yen, the second-steepest drop in the MSCI Asia Pacific Index, after saying in a preliminary report that its first-half net income was 3.3 billion yen ($41.1 million), almost half the 6 billion yen estimated by the company.