20/03/2012 06:34 AST

Asian stocks erased gains as Sun Hung Kai Properties Ltd. (16) led a decline in Hong Kong shares after a director of the world’s largest real estate company was arrested as part of a bribery investigation. Exporters rose as confidence among U.S. homebuilders improved.

Sun Hung Kai slipped 1.6 percent in Hong Kong following the arrest of Thomas Chan Kui-Yuen, an executive director at one of the company’s units, by the Independent Commission Against Corruption. Samsung Electronics Co. (005930), Asia’s biggest consumer- electronics maker, gained 1.1 percent in Seoul. LG Display Co. (034220), a manufacturer of liquid crystal displays that gets about 16 percent of its sales from the U.S., rose 1.4 percent.

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Bloomberg

Ticker Price Volume
QNBK 123.30 103,897
CHEMANOL 7.11 932,192
ARNB 24.06 13,626
SABIC 100.87 2,504,855
MMG 0.00 0
BURUJ 34.50 110,831
KCBK 12.00 1,889
Index Closing Change
NIKKEI 225 20,299.38 389.88 (1.95%)
DAX 12,561.79 2.40 (0.01%)
S&P 500 2,506.65 2.78 (0.11%)
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