Asian Stocks Decline as China Slowdown Weighs on Outlook
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Asian stocks fell, with the benchmark index headed for its first loss in three days, as Chinese exports grew at a slower pace than economists forecast, overshadowing a rebound in Japan’s machinery orders and better-than-expected U.S. jobs data.
Li & Fung Ltd., which exports toys and clothes to Wal-Mart Stores Inc., fell 1.5 percent in Hong Kong. Samsung Electronics Co. slid 1.6 percent in Seoul after Apple Inc. claimed the smartphone maker violated a court order in a patent-infringement case. Train and rail builders plunged in Hong Kong after a report a high-speed track collapsed on the mainland.