0919881955

Asian Stocks Fall in U.S. on Oil; Advanced Semiconductor Jumps

Thu - 0919881955 SG

By Lu Wang
Nov. 24 (Bloomberg) -- Asian stocks fell in U.S. trading as an increase in oil prices rekindled concern higher energy costs may hurt consumer spending. Toyota Motor Corp., the region's largest automaker, led the decline.
The Bank of New York Co.'s Asia ADR Index, which tracks the region's American depositary receipts, lost 0.3 percent to 147.70. For the week, the measure dropped 0.4 percent.
Crude oil for January delivery climbed 52 cents to $59.76 a barrel in electronic trading in New York on a report that Eni SpA halted delivery of 60,000 barrels of oil a day from Nigeria, Africa's biggest supplier, because of attacks by militants. Floor trading on the New York Mercantile Exchange was closed today for the Thanksgiving holiday.
Toyota dropped $1.08 to $118.61. Matsushita Electric Industrial Co., the largest maker of consumer electronics, slipped 6 cents to $19.28.
Advanced Semiconductor Engineering Inc. jumped 80 cents to $6.06. The world's largest packager of computer chips was offered a $5.7 billion bid by Carlyle Group as demand for computer and mobile-phone components increases.
Carlyle and Advanced Semiconductor Chairman Jason Chang, who holds 18.4 percent of the Taiwan-based company, may bid NT$39 a share for the company, 9.9 percent more than its last closing price, the buyout firm said in a statement.
ASE Test Ltd., a unit of Advanced Semiconductor, climbed $1.79 to $11.50.
Nikkei 225 Stock Average futures expiring in December were at 15,615 in Chicago, compared with 15,640 in Singapore and 15,730 in Osaka.