Pursuits
Asian Stocks Pare Gains on Moody’s E.U. Review; Hang Seng Falls
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Asian stocks pared gains as Italy and France prepared to sell debt and Moody’s Investors Service reiterated it plans to review the credit ratings of European nations even after an agreement to tighten fiscal controls in the region and boost a bailout fund.
The Hang Seng Index fell 0.1 percent, reversing an advance of as much as 1.8 percent. Esprit Holdings Ltd., the Hong Kong-based clothier that counts Europe as its biggest market, slipped