Economics
Asian Stocks Are Little Changed Near Six-Year High
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Asian stocks were little changed, as the region’s benchmark index traded just below its highest level in six years, as Aeon Co., shipbuilding and health-care companies retreated.
Aeon sank 5.1 percent in Tokyo, the largest loss on the regional index, after the supermarket operator’s first-quarter profit plunged. Daewoo Shipbuilding & Marine Engineering Co. slid 4.5 percent in Seoul as a brokerage cut its estimate on the shares, citing slowing new orders. TPK Holding Co., a maker of computer screens, fell 4.5 percent in Taipei. Astellas Pharma Inc. paced losses as health-care shares declined.