Most Asian Stocks Fall Ahead of German Decision, U.S. Fed
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Most Asian stocks fell, with the regional benchmark index poised for the first drop in four days, ahead of a court decision on Germany’s participation in Europe’s rescue fund and as investors wait to see if the Federal Reserve will boost economic stimulus.
Cosco Pacific Ltd., which gets 31 percent of its sales in Europe, rose 0.6 percent and HSBC Holdings Plc erased an earlier loss after a German constitutional court said it won’t delay ruling on the European Stability Mechanism. Guangzhou Automobile Group Co. paced declines among automakers in Hong Kong after China’s car sales trailed analysts’ estimates in August for a second month.