Asian stocks swung between gains and losses as energy producers advanced, while China Resources Power Holdings Co. led declines amid a graft investigation.
China’s Shanghai Composite Index slipped 0.6%, while Hong Kong’s Hang Seng Index fell 0.3%. New Zealand’s NZX 50 Index was little changed. Australia’s S&P/ASX 200 Index and Singapore’s Straits Times Index both increased 0.5%. Taiwan’s Taiex index and South Korea’s Kospi index each added 0.3%. India’s S&P BSE Sensex Index advanced 0.2%.
About 160 companies on the Topix are due to post results this week.
China Resources Power plunged 9.9% in Hong Kong after China’s anti-corruption agency said it’s probing the chairman of the company’s parent.
Great Wall Motor Co. fell the most since January after first-quarter earnings disappointed Deutsche Bank AG.
Yaskawa Electric Corp. slumped 5.1% after the servomotor producer forecast full-year profit that missed analysts’ estimates.
Bharat Petroleum Corp. climbed 4.3% in Mumbai to pace gains among energy producers.
Netflix Inc. gained more than 6% after U.S. markets closed as it reported better-than-projected sales, profit and subscriber growth. The online video service also said it will raise prices.
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