Economics
Most Asian Stocks Drop as China Manufacturing Slows
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Most Asian stocks fell, with the regional benchmark index heading for its first decline in three days, after a preliminary report showed Chinese manufacturing expanded less than economists estimated.
Agricultural Bank of China Ltd., the nation’s third-largest lender, slid 2.3 percent in Hong Kong. Yamada Denki Co. sank 4.8 percent in Tokyo after the consumer electronics retailer missed its full-year profit forecast. Woodside Petroleum Ltd., Australia’s second-biggest oil producer, jumped 9.7 percent after announcing plans to return cash to shareholders.