“Asian stocks dropped, with the regional benchmark index heading for its fourth straight loss, as the global economic slowdown crimps corporate earnings and after commodities erased this year’s gains.
BHP Billiton Ltd. (BHP), the world’s largest mining company, declined 1.4 percent in Sydney.Kawasaki Heavy (7012) Industries Ltd. sank 5.7 percent in Tokyo after the gas-turbine maker said first-half earnings missed its forecast on slowing sales in China and Europe. Esprit Holdings Ltd. slumped 9.5 percent as the clothier resumed trading in Hong Kong after saying first- quarter sales plummeted and announcing plans to raise HK$5.2 billion ($671 million) in a rights offer.”
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