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Asian Stocks Pare Decline as Shares Rebound After Rout on Korea

Asian stocks pared declines as markets across the region rebounded following falls in the wake of North Korea’s attack on South Korea yesterday. Japanese shares fell as they resumed trade after a holiday.

Korean Airlines Co. declined 2 percent in Seoul. Tokyo Electron Ltd., a Japanese semiconductor equipment that gets 16 percent of its revenue from South Korea, sank 2.1 percent. Mitsubishi Corp., which gets more than half of sales from commodities, slipped 1.4 percent after oil and copper futures dropped. Sun Hung Kai Properties Ltd., the world’s biggest developer, gained 1.5 percent, rebounding from losses after Hong Kong announced stepped up measures to curb speculative activity in the city’s housing market.