Asian Stocks Drop for Second Day as Japan Exporters Fall
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Asian stocks fell, sending the regional benchmark index lower for a second day, as earnings results from HTC Corp. missed estimates and Japanese exporters declined after the yen strengthened.
HTC, Asia’s second-largest smartphone maker, slipped 4 percent in Taipei. Samsung Electronics Co. the world’s largest maker of mobile phones and televisions, lost 1.3 percent in Seoul after reporting earnings. Mazda Motor Corp., which gets about 72 percent of its sales outside of Japan, sank 5 percent as the yen’s advance dimmed the outlook for overseas earnings.