Economics
Asian Stocks Fall After HSBC China Manufacturing Drops
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Asian stocks outside Japan fell for the first time in nine days after a private gauge of Chinese manufacturing dropped more than economists forecast.
China Shenhua Energy Co., the nation’s biggest coal producer by market capitalization, erased early gains to decline 1.5 percent in Hong Kong. Gambling firm Tatts Group Ltd. slumped 5.8 percent in Sydney after profit missed estimates. Dainippon Screen Manufacturing Co. jumped 3.4 percent in Tokyo after Mitsubishi UFJ Morgan Stanley Securities Co. advised buying shares of the semiconductor-equipment maker.