Asian Stock Index Retreats Amid Rout in Global Equities
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Asian stocks fell, with the regional benchmark index reaching a six-month low, as global equities extended losses after the Standard & Poor’s 500 Index capped its biggest three-day loss since 2011.
DLF Ltd. plunged 29 percent after regulators barred India’s largest developer and its chairman from raising funds for failing to disclose information during its initial public offering. Japan Airlines Co. led losses among Asia’s carriers amid growing anxiety over the spread of the Ebola virus. Agile Property Holdings Ltd. rebounded 5.1 percent as the Chinese developer said it was in talks with creditors to delay loan repayments after scrapping a rights offer.