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Asia Pacific stocks close
Asian stocks dropped, snapping a six-day advance and paring the regional benchmark index’s biggest weekly gain since July, as investors await the monthly American jobs report.
Nikkei 225 13,860.81 -204.01 -1.45%
Hang Seng 22,621.22 +23.25 +0.10%
S&P/ASX 200 5,144.99 +2.48 +0.05%
Shanghai Composite 2,139.99 +17.56 +0.83%
Sumitomo Realty & Development Co. sank 1.4 percent as Japanese developers retreated ahead of a decision this weekend on whether Tokyo will host the 2020 Olympics.
SoftBank Corp. fell 2.2 percent after competitor NTT DoCoMo Inc., Japan’s largest mobile-phone carrier, was said to be near an agreement to offer Apple Inc.’s iPhone.
BBMG Corp., a cement company, rose 3.4 percent in Hong Kong after announcing a share sale.
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