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Equities

Nikkei Asia300 Index falls as Chinese banks decline

BYD, Banyan Tree Holdings among key losers while AIA advances

MUMBAI (NewsRise) -- Asian stocks outside of Japan edged lower on Tuesday, as losses in Chinese companies eclipsed a rally in AIA Group.

The Nikkei Asia300 Index dropped 0.2% to 1,463.01. Hong Kong-shares of Agricultural Bank of China (ABC), Bank of China (BOC), and Industrial & Commercial Bank of China (ICBC) lost at least 1.9% each, among the biggest contributors to losses on the index. The stocks fell ahead of the release of China's official manufacturing and non-manufacturing February PMI (Purchasing Managers' Index) data due Wednesday.

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