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Asia Stocks Decline Before Fed, Paring Monthly Increase

Asian stocks dropped, with the regional benchmark index paring its first monthly advance since April, before U.S. economic growth data and the conclusion of a Federal Reserve policy meeting.

HTC Corp., Taiwan’s biggest smartphone maker, tumbled 6.7 percent after forecasting an eighth consecutive drop in quarterly sales. GungHo Online Entertainment Inc., which climbed 10-fold this year through yesterday, slumped 13 percent in Tokyo as more than five shares fell for each that rose on the Topix index. Guangzhou R&F Properties Co. jumped 6.7 percent in Hong Kong, pacing gains among Chinese developers, after the government endorsed development of the property market.