Australian Shares Fall From Four-Year High, Japan Futures Drop

Australian shares fell, dragging the benchmark equities gauge from the highest level in four years, as profit at Australia and New Zealand Banking Group Ltd. declined. Japanese stock futures dropped.

ANZ Bank lost 1.6 percent after Australia’s third-largest bank by market value said first-quarter profit fell 20 percent. Shares of Kirin Holdings Co., Japan’s largest beverage maker, may be active after forecasting a 60 percent increase in profit to a record this year as it books a gain from its investment in Fraser & Neave Ltd. Auckland International Airport Ltd. slumped the most in four years after a New Zealand pension fund reduced its stake in the nation’s busiest terminal.