Asian Stocks Fall as Sharp, Raw-Material Shares Decline
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Asian stocks fell, dragging the regional benchmark equities index lower for a second day, as raw-material companies and Australian banks declined. Sharp Corp. slumped in Tokyo.
Sharp tumbled 8.7 percent after the supplier of displays for Apple Inc.’s iPhone and iPad said it’s considering ways to increase capital. Rio Tinto Ltd. lost 1.3 percent in Sydney as mining companies fell, while Commonwealth Bank of Australia retreated 1.1 percent. Chongqing Changan Automobile Co. soared 10 percent in Shanghai on its profit forecast.