Chinese stocks snap 13-day rally, yen weakens: markets wrap

Chinese shares in Hong Kong fell as investors hit pause on their world-beating rally over the past month. Japanese stocks advanced after fresh weakness in the yen.

A gauge of Hong Kong-listed Chinese companies dropped as much as 4.9%, halting a 13-day rally that was fueled by optimism over measures to stimulate the economy. The Hang Seng Index sank as much as 4.5%, its biggest intraday drop in almost two years.