(Bloomberg) — Asian stocks fell amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies.
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The MSCI Asia Pacific Index extended July’s decline to 0.5%, set for its first monthly drop since April. Shares in Hong Kong led losses Tuesday, falling more than 1%, as optimism waned over the Chinese government’s stimulus plans. Australian and Japanese stocks also slipped, and US equity futures inched lower.
The yen held near the strongest level in 12 weeks before a Bank of Japan policy decision on Wednesday. The dollar crept higher against most of its major peers as traders positioned for a Federal Reserve review the same day. Treasuries were little changed, heading for a third month of gains.
“Market participants are taking…
