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Asian Stocks Little Changed After U.S. Confidence Report

Asian stocks were little changed, after the biggest monthly advance since January 2012 for the regional benchmark index, after U.S. consumer confidence slumped in September to a four-month low.

Li & Fung Ltd., a supplier of toys and clothes to retailers including Wal-Mart Stores Inc., slipped 1.2 percent in Hong Kong. PT Bank Mandiri sank 4.1 percent, pacing declines among Indonesian lenders on concern the central bank will raise interest rates. Tokyo Electron Ltd. surged 13 percent after Applied Materials Inc., the largest chipmaking-equipment supplier, agreed to buy the company for $9.4 billion in stock.