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Back You are here: Home Markets Markets Update Asian Commentary Asian Stocks Fall Ahead of Release of U.S. Economic Data

Asian Stocks Fall Ahead of Release of U.S. Economic Data

Asian stocks fell as investors await economic data from the U.S. and amid concern gains in equities over the past two months have outpaced the prospects for company earnings.

Suntory Beverage & Food Ltd. (2587) sank 2 percent in Tokyo as the soft-drink maker that raised $4 billion in Japan’s largest initial public offering this year cut its profit projection. Ausdrill Ltd. slumped 28 percent in Sydney after the drilling contractor cut its profit forecast. GungHo Online Entertainment Inc. gained 1.6 percent as Japan Exchange Group Inc. and Nikkei Inc. said the Internet-game maker will be included in their new index. Full story