Nikkei: 9,637.14 (–207.45) Hang Seng: 22,992.72 (–428.74) Shanghai Comp: 2,678.48 (–0.77):EXPORTERS AND resources led declines in Asia stocks yesterday, which were hit by the worst losses in nearly five months as an unexpected fall in US consumer spending fuelled concerns about slowing growth in the world's largest economy.
The FTSE Asia Pacific Index fell 2.2 per cent as investors fixed their focus back to the global economic outlook from the US debt talks after data showed US consumers cut their personal spending in June.
Tokyo’s Nikkei 225 Average slid 2.2 per cent.
Among exporters hit, Samsung Electronics, the world’s largest technology company by sales, lost 2.2 per cent to Won833,000 in Seoul while Honda Motor, a Japanese car maker that gets more than 40 per cent of its revenue in North America, dropped 3.2 per cent to ¥3,010 in Tokyo.
Toyota Motor shed 1.3 per cent to ¥3,120. Canon, a camera maker that derives more than 80 per cent of its revenue abroad, declined 1.7 per cent to ¥3,690.
BHP Billiton, the world’s largest miner by sales, plunged 3.4 per cent to A$40.15 in Sydney. – (Copyright The Financial Times Limited 2011)
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