Nikkei: 10,605.65 (–12.18) Hang Seng: 22,708.62 (–455.41) Shanghai Comp: 2,819.06 (+45.00)ASIAN STOCKS fell yesterday, dragging a benchmark regional index lower for a third day this week, on concern US unemployment and efforts by emerging countries to tame inflation will hamper a global economic recovery.
PetroChina fell 3 per cent in Hong Kong after reporting an asset purchase as oil and metal prices dropped.
China Resources Land, a property developer, fell 3.6 per cent.
ASX, the operator of Australia’s main stock exchange, jumped 4.7 per cent on speculation that yesterday’s merger announcements by overseas bourses make it more likely that Australian regulators will approve its takeover by Singapore Exchange.
Aluminum Corporation of China, a metal producer, sank 2.5 per cent to HK$7.34.
Mitsubishi, Japan’s largest commodities trader, lost 0.5 per cent to ¥2,331 in Tokyo.
Samsung Electronics, mobile phone makers, dropped 2.5 per cent to 936,000 won in Seoul.
PT Bumi Resources, Indonesia’s biggest coal producer, slumped 1.9 per cent to 2,600 rupiah. – (Bloomberg)
