Economics
Asia Stocks Outside Japan Fall; Apple Suppliers Drop
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Asian stocks outside Japan fell even after a report that China’s manufacturing is accelerating as Apple Inc. suppliers dropped after the iPhone maker reported its weakest sales since 2009 and North Korea threatened a nuclear test. Japanese shares rallied on a weaker yen after China’s manufacturing beat estimates.
AAC Technologies Holdings Inc., which makes speakers for Apple, dropped 6 percent in Hong Kong. Tata Motors Ltd. retreated 6.6 percent in Mumbai after the Indian automaker’s Jaguar Land Rover Plc unit said profit growth probably stalled in the fiscal third quarter. Toyota Motor Corp., a Japanese automaker that gets more than a quarter of its revenue from North America, rose 2.2 percent in Tokyo.