Nikkei: 10,746.67 (+21.13) Hang Seng: 22,899.78 (–221.28) Shanghai Comp: 2,899.62 (+0.49)MOST ASIAN stocks fell yesterday, as Chinese banks led declines on renewed concern the nation will raise interest rates, hampering the global economic recovery.
China Construction Bank lost 1.6 per cent to HK$6.58 in Hong Kong on concern China will raise interest rates after the nation’s inflation rate exceeded the government’s target for a fourth month.
China Minsheng Banking, a commercial bank operator, dropped 0.8 per cent to 5.18 yuan.
Jiangxi Copper, the largest producer of the metal, jumped 3.2 per cent to 42.34 yuan in Shanghai.
Mitsubishi, Japan’s largest commodities trader, rose 1.7 per cent to ¥2,391.
BHP Billiton, mining company, increased 0.2 per cent to A$47.36 in Sydney.
Toyota Motor, the world’s top carmaker, climbed 1 per cent to ¥3,910, the biggest single positive support for the MSCI Asia Pacific Index.
Honda Motor, Japanese carmaker, rose 1.2 per cent to ¥3,685.
NTT DoCoMo, mobile-phone operator, advanced 1.5 per cent to ¥154,200.– (Bloomberg)
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