Asia Stock Futures Indicate Weekly Fall on Fed, China Concern
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Stock futures in Japan, Hong Kong and Australia declined, indicating the regional equities benchmark will extend this week’s slide, amid concern the Federal Reserve will reduce stimulus and as China’s cash crunch worsened.
American Depositary Receipts of Canon Inc., a Japanese camera maker that gets 80 percent of sales abroad, slid 2 percent. ADRs of Cathay Pacific Airways Ltd., the world’s largest cargo and freight carrier, sank 3 percent. Those of BHP Billiton Ltd., the No. 1 mining company, declined 1.6 percent.