Most Japan Stocks Fall as China Industrial Profit Drops

Most Japanese stocks declined, with the Topix Index falling for a second day, after profit at Chinese industrial companies fell, pointing to a deepening slowdown and outweighing optimism central banks in the U.S. and China will move to boost growth.

Komatsu Ltd., a construction-machinery maker that gets 14 percent of its sales from China, lost 1.3 percent. Fuji Heavy Industries Ltd., a carmaker that counts North America as its biggest market, gained 0.5 percent after the yen weakened against the dollar, boosting prospects for exporters. Kansai Electric Power Co. sank 5.3 percent on a report the utility won’t pay an interim dividend for the first time since 1980. Olympus Corp. soared 4.4 percent after it agreed to sell the telecommunications business of its ITX Corp. subsidiary.