Most Asian Stocks Drop; Nikkei 225 Closes Higher on Yen
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Most Asian shares declined after the regional benchmark touched a 17-month high this week. Japan’s Nikkei 225 Stock Average closed less than 0.1 percent higher after swinging amid currency fluctuations.
GS Yuasa Corp., a supplier of batteries for Boeing Co.’s 787 aircraft, slumped 5 percent in Tokyo after the Federal Aviation Administration ordered airlines to prove the batteries are safe. Evergrande Real Estate Group Ltd., China’s biggest developer by sales volume, sank 7.1 percent in Hong Kong after announcing a share sale. Rio Tinto Group, the world’s second-largest mining company, said after the market close it will take an impairment charge of about $14 billion.