Economics
Asian Stocks Fall Third Day as Russia Faces New Sanctions
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Asian stocks fell for a third day, with the regional benchmark index sliding the most in two weeks, as investors weighed earnings and prospects Russia will be subject to new sanctions as tensions over Ukraine intensify.
Honda Motor Co. sank 4.5 percent as the Japanese carmaker forecast full-year profit that missed analysts’ estimates. Japan Exchange Group Inc., operator of the main bourse in the world’s No. 2 equity market, tumbled 6.2 percent after its net-income projection fell short of expectations. China Life Insurance Co., the nation’s biggest company in the sector, slid 2.2 percent in Hong Kong after saying profit fell 28 percent in the first quarter from a year earlier as investment returns declined.