Asian Stocks Drop Most This Month as Samsung Hurts Tech Shares
- Korean electronics firm plunges 8% on Galaxy Note 7 woes
- Energy companies gain as oil near highest in more than a year
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Asian stocks fell the most this month as Samsung Electronics Co. dragged down technology shares, overshadowing an oil-driven rally in energy companies.
The MSCI Asia Pacific Index dropped 0.6 percent to 139.68 as of 4:05 p.m. in Hong Kong after climbing as much as 0.3 percent. A gauge of information-technology shares led declines, sliding 1.5 percent, while energy equities rose 0.6 percent as Brent crude stayed above $53 a barrel. Japanese stocks gained as the yen weakened for a second day.