Asian Stocks Fall as Material, Telecom Shares Lead Losses
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Asian shares fell as Japanese shares retreated. Raw-material and telecommunication companies led losses on the MSCI Asia Pacific Index.
BHP Billiton Ltd. fell 1.3 percent as mining shares posted the largest fall among the 10 industry groups on the regional index. SoftBank Corp. lost 1.3 percent after jumping 4.1 percent yesterday. Panasonic Corp., which is pivoting away from consumer electronics, jumped 5.3 percent in Tokyo on a report it’s in talks with Tesla Motors Inc. to build a U.S. plant to produce batteries for electric cars.