Asian stocks swung between gains and losses as investors weighed a smaller-than-forecast increase in U.S. payrolls and the bailout of a Portuguese bank.
Honda Motor Co., which gets 47 percent of its revenue in North America, fell 1.3 percent in Tokyo. China Everbright Ltd. soared 8.6 percent in Hong Kong on government plans to revamp the ownership of parent China Everbright Group Ltd. Horizon Oil Ltd. slumped 6.1 percent on speculation Roc Oil Co. may end plans to combine with the Australian oil explorer.
The MSCI Asia Pacific Index gained less than 0.1 percent to 147.76 as of 12:34 p.m. in Tokyo after falling as much as 0.3 percent. The measure declined 0.8 percent on Aug. 1, dragging the gauge to its first weekly drop in three weeks.
Bloomberg
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