Most Asian stocks fell as developers in China fell

Most Asian stocks fell as developers in China fell after the government intensified the control of real estate investments to curb rising property prices of housing, the fight against the gains among exporters and producers basic.

China Vanke Co., the nation's biggest developer, lost 1.8 percent in Shenzhen. Bank of China Ltd., the country's third largest lender by market value, fell 1.2 percent. Li & Fung Ltd., the largest supplier of Wal-Mart Stores Inc., rose 2.3 percent in Hong Kong after a government report showed the U.S. economy expanded more rapidly than previously estimated.

"It helps us to see signs that the U.S. economic outlook appears brighter in the short term, but how long this can be sustained remains an issue," said Castor Pang, research director in Hong Kong Cinda International Holdings Ltd. "The markets tend to move sideways toward the end of the year. more policy tightening may occur at any time. Developers are particularly under selling pressure."

The MSCI Asia Pacific excluding Japan Index Index increased 0.1 percent to 470.97 as of 18:38 in Hong Kong, with about seven shares fell for every five that advanced. The index has risen 5 percent this month that China has refrained from raising interest rates and U.S. reports on consumer confidence, the trade deficit and unemployment exceeded analysts' estimates.

Australia S & P / ASX 200 rose 0.4 percent, its highest close since 05 November, as purchases of companies in the country rose to a record this quarter.

New Zealand NZ 50 Index gained 0.3 percent that economists say the economy will recover after a report by Statistics New Zealand today showed gross domestic product unexpectedly contracted in the third quarter.

Shanghai Retreats

Taiwan's TAIEX index rose 0.4 percent. Hong Kong Hang Seng index declined 0.6 percent, while Japanese markets are closed today for a public holiday.

Shanghai, China Composite Index fell 0.8 percent. The government increased land supply this year and increased the control of real estate investments by foreign companies that will not stop further measures to contain the 18 months of increases in property prices, land and resources and ministries of Commerce reported.

China Vanke retreated 1.8 percent to 8.84 yuan in Shenzhen. China Overseas Land & Investment SA, controlled by the Ministry of Construction of the nation, fell 1.4 percent to $ 14.60 in Hong Kong in Hong Kong. Country Garden Holdings Co., the developer controlled by China's richest woman, lost 1.3 percent to HK $ 2.95.

Bank of China fell 1.2 percent to HK $ 4.04. Agricultural Bank of China Ltd., the country's fourth largest lender by assets, fell 4.2 percent to HK $ 3.86. China Construction Bank Corp., the second largest lender, fell 0.7 percent to HK $ 6.86.

U. S. Economic Growth

U.S. futures in 500 of Standard & Poor's were little changed today. U.S. stocks and oil rose to the highest level since 2008 yesterday after government reports showed the economy grew faster than previously expected and crude supplies fell to its lowest level since February.

500 of Standard and Poor's gained 0.3 percent to 1,258.84 at 4 pm in New York yesterday, driving its gain this year to 13 percent. The index rose for a fifth day after a report showed the U.S. economy grew at an annual rate of 2.6 percent last quarter, above the government's earlier estimate of 2.5 percent.

Li & Fung, which has U.S. as its main market, gained 2.3 percent to $ 44.25 in Hong Kong. Hon Hai Precision, which gets about 36 percent of U.S. sales, rising 1.7 percent to NT $ 118 in Taipei. Infosys Technologies Ltd., the second largest exporter of software in India, rose 1.1 percent to 3,367.9 rupees.

The oil producers gain

Meters commodity producers and companies in consumer staples led the advance among 10 industry groups in the MSCI Asia Pacific excluding Japan Index.

BHP Billiton Ltd., the world's biggest mining and Australia's No. 1 oil and gas producer, rose 1.4 percent to $ 46.47 in Sydney. PetroChina Co., the nation's largest oil company, rose 0.4 percent to $ 9.98 in Hong Kong in Hong Kong. Ezra Holdings Ltd., a provider of logistics services to the oil and gas, rose 3.5 percent to S $ 1.77.

Oil rose 0.7 percent to $ 90.48 a barrel in New York, future meeting after the U.S. Energy Department said inventories fell 5.33 million barrels. Crude for February delivery hit the highest level since October 2008.

The MSCI Asia Pacific excluding Japan index has risen 13 percent this year on speculation that growth in corporate profits is the climate of Europe's debt crisis, China's measures to curb inflation property prices and concerns about the pace of U.S. recovery economic.

Reservations Mozambique

Trinidad Ltd., the division of luxury menswear Li & Fung Group, rose 3.4 percent to HK $ 8.26 after it agreed to buy Cerruti Holdings, the distributor of men's clothing with the same brand, because as € 52.6 million ($ 69 million).

Rio Tinto Group, the world's third largest mining, rose 0.5 percent to $ 87.20 after offering a 3.9 billion U.S. dollars (3.9 million) to Australia coking coal developer Riversdale Mining Ltd. reserves for Mozambique as demand increases. Riversdale rose 1.7 percent to $ 16.57.

Alliance Global Group Inc., owner of the largest casino in the Philippines and the local franchise of McDonald's, rose 6.3 percent to 11.80 pesos, the advance of the third largest in the MSCI Asia Pacific excluding Japan Index today. The company said it will buy 60 percent of Fil-Estate Land Inc. for 5 million pesos ($ 113 million) to expand its business related to tourism. Fil-Estate rose 26 percent to 1.16 pesos.

Sun Pharmaceutical Industries Ltd., the largest drug maker in India by market value, rose 5 percent to 452.95 rupees after a U.S. court Appeals ruled in his favor in a case related to the cancer drug Eloxatin.