Asian Stocks Fall for Sixth Day as Chinese Shares Retreat
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Asia stocks fell, with the benchmark index heading for its sixth day of decline, as investors weighed Chinese inflation data. Japanese shares extended their rally, while consumer and energy stocks slid.
Seven & I Holdings Co., Japan’s biggest operator of convenience stores, slid 1.7 percent. Cnooc Ltd., China’s largest offshore oil producer, fell 1.1 percent. Myer Holdings Ltd. slumped 13 percent after the Australian retailer’s full-year profit missed estimates. SK Holdings Co., a South Korean company with interests in energy and telecommunications, surged 6.3 percent after announcing a share buyback.