Nintendo Co. (7974), a manufacturer of game consoles that gets a third of its sales in Europe, fell 2.9 percent in Osaka. James Hardie Industries SE (JHX), an Australian supplier of building materials that gets more than half of its sales from the U.S., dropped 1 percent in Sydney. BHP Billiton Ltd. (BHP), the world’s biggest mining company, was the second-biggest drag on the Asian gauge as it fell 1 percent on lower metal prices. Industrial & Commercial Bank of China Ltd. may be active when the Hong Kong and Shanghai markets open as Goldman Sachs Group Inc. was said to sell a $2.5 billion stake at a discount.

The MSCI Asia Pacific Index (MXAP) declined 0.8 percent to 124.09 as of 9:34 a.m. in Tokyo after rallying through the last two days of last week. More than 10 shares retreated for each that rose. The index pared its gains to 9.8 percent this year through April 13 amid signs China’s economy is slowing, damping the outlook for demand in the world’s second-biggest economy.

“Concern is mounting about the Spanish bond sales this week, with yields rising and credit-default swaps extending a record,” said Toshiyuki Kanayama, a market analyst at Tokyo- based Monex Inc. “Financial shares may be sold following the European market, and export-related shares may also face headwinds as the euro has dropped against the yen.”

Japan’s Nikkei 225 Stock Average fell 1.5 percent with trading volume 30 percent below the 30-day average for the time of day. Australia’s S&P/ASX 200 Index sank 0.7 percent, while South Korea’s Kospi Index retreated 1.1 percent.

To contact the reporters on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net; Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

http://www.bloomberg.com/news/2012-04-15/japan-australian-futures-fall-on-europe-u-s-concerns.html

• Asian Stocks Rise on Faster Japan Inflation, U.S. Outlook   (2014-05-30 09:33:27)
• Asian Stocks Rise on Faster Japan Inflation, U.S. Outlook   (2014-05-30 09:33:27)
• Asian Stocks Rise on Faster Japan Inflation, U.S. Outlook   (2014-05-30 09:33:02)
• Asian Stocks Fluctuate After Japan Retail Sales Slump   (2014-05-29 09:37:51)
• Asian Stocks Fall Second Day as Health-Care Shares Drop   (2014-04-08 08:52:58)
• Industrial Stocks Take ETF Bounty   (2014-04-08 08:52:29)
• Asian Stocks Set for Second Weekly Gain Before U.S. Jobs   (2014-04-04 09:46:16)
• Australia Model Curbs Speed as CEO Says U.S. Too Far Gone   (2014-04-04 09:45:49)
• Asia Stocks Rise 4th Day as Consumer Shares Lead Gain   (2014-03-31 10:48:33)
• Asia Stocks Swing After U.S. Manufacturing Index Falls   (2014-03-25 11:29:14)