Asian stocks fell after strong US economic data release on
Wednesday sparked more speculation that the Federal Reserve will
soon begin tapering its bond-buying program.
ADP's report of private employment showed 215,000 jobs were
created during November, versus expectations for 173,000.
Separately, new home sales surged more than 25% in October.
Investors also were cautious ahead of the European Central Bank
and Bank of England policy meeting results.
Australia's market fell to a seven-week low after the country's
trade deficit was wider than expected.
India's stock market rose after exit polls indicated a strong
showing for the opposition Bharatiya Janata Party (BJP) in state
elections. Investors widely perceive the BJP to be more business
South Korea's Q3 GDP came in at a seasonally-adjusted 1.1% from
Thailand's market was closed for King Bhumibol Adulyadej's
In ADR news, China Mobile (
) won government approval to start commercial services on its
fourth-generation wireless service. Separately, the WSJ reports
that CHL has signed a long-awaited deal with Apple (
) to offer iPhones on its network.
China Sunergy Co Ltd (
) said Q3 non-GAAP net loss was US$11 million, or $0.83 per ADS,
compared to the Thomson Reuters consensus of $(1.28). Revenues
totaled $57.1 million, down from $59.5 million in the prior-year
period. The company raised its full-year 2013 total shipment
estimates to range between 500MW to 510MW, from the prior range of
440MW to 480MW. For Q4, the company estimates that the total
shipment for the fourth quarter of 2013 will range from 158MW to
168MW, reflecting its improved working capital and
"stronger-than-expected" OEM shipments.
The Nikkei ended down 1.5% at 15,177.49, the Hang Seng down
0.07% at 23,712.57 and Shanghai down 0.21% at 2,247.06.
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