Most Asian Stocks Fall on U.S. Wages Decline; China Shares Drop
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Most Asian stocks fell amid concern Europe’s stimulus plans may not solve the euro region’s economic woes and after an unexpected drop in American wages clouded the outlook for U.S. interest rates.
Woodside Petroleum Ltd. sank 1.9 percent in Sydney, dragging energy shares to the largest drop on the regional gauge, as crude oil declined. Cheung Kong Holdings Ltd. and Hutchison Whampoa Ltd. surged at least 13 percent after agreeing a takeover in the biggest reorganization of Hong Kong billionaire Li Ka-shing’s corporate empire.