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Asian Equities Fall After China PMI

Asian stocks outside Japan fell for the first time in nine days after a private gauge of Chinese manufacturing dropped more than economists forecast.

China Shenhua Energy Co., the nation’s biggest coal producer by market capitalization, declined 2.2 percent in Hong Kong. Gambling firm Tatts Group Ltd. slumped 5.3 percent in Sydney after profit missed estimates. Dainippon Screen Manufacturing Co. jumped 3.9 percent in Tokyo after Mitsubishi UFJ Morgan Stanley Securities Co. advised buying shares of the semiconductor-equipment maker.

The MSCI Asia Pacific excluding Japan Index slid 0.7 percent to 509.25 as of 11:08 a.m. in Hong Kong, with five shares falling for each two that rose. The measure closed yesterday at a more than six-year high.

Bloomberg [1]

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