Asian Stocks Follow U.S. Drop as Ukraine Tensions Rise
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Asian stocks fell, with the regional index extending yesterday’s losses, after U.S. equities dropped to a two-month low amid escalating tensions in Ukraine.
SoftBank Corp., a Japanese mobile-phone operator, dropped 3.5 percent after a person familiar with the matter said Sprint Corp., controlled by SoftBank, ended talks to acquire T-Mobile US Inc. Vard Holdings Ltd. plunged 5.1 percent in Singapore after the shipbuilder said it received a tax claim from Brazil authorities. Aluminum Corp. of China Ltd. surged 9.4 percent in Hong Kong after the government allowed the producer of the light metal to create a rare earth group.