Asian stocks fell for a second day, paring the best monthly advance since January 2012 for the regional benchmark index, after U.S. consumer confidence slumped in September to a four-month low.
Mitsui Chemicals Inc. declined 3.8 percent in Tokyo, with the chemical manufacturer leading materials producers lower. NTT Data Corp., a Japanese network-services company, slumped 6.2 percent, pacing a retreat in technology firms. Bids to buy Tokyo Electron shares outnumbered offers to sell by almost 10-to-1 after Applied Materials Inc., the largest chipmaking-equipment supplier, agreed to acquire the Japanese company for $9.39 billion in stock.
The MSCI Asia Pacific Index fell 0.2 percent to 140.23 as of 9:36 a.m. in Tokyo, before markets open in Hong Kong and China. The measure dropped 0.6 percent yesterday. It climbed 7.9 percent in September through yesterday, on course for the best month since January 2012, after the Federal Reserve maintained the pace of its stimulus and data showed China’s economic growth is stabilizing.
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