Asian Stocks Fall as U.S. Vows to Hold Syria Accountable
This article is for subscribers only.
Asian stocks fell, with the regional benchmark index snapping a two-day gain, after the U.S. pledged to hold Syria’s government to account for deadly chemical-weapons attacks on its people, damping investors’ risk appetite.
Billabong International Ltd., an Australian surf-wear company, slumped 5.3 percent after it posted a loss more than three times its market value and said its core brand was worthless. ENN Energy Holdings Ltd. fell 5.4 percent in Hong Kong after the gas-pipeline operator’s first-half net income missed estimates. Tokyo Electric Power Co. jumped 12 percent after the government said it would take over handling radioactive spills at the Fukushima Dai-Ichi nuclear plant.