Asian stocks were generally up on Thursday morning after Australia's unemployment rate declined and National Australia Bank Ltd. reported an increase in profit. Japan's Nikkei 225 Stock Average fell from a four-year high.
National Australia Bank Ltd gained 1.1 per cent as the lender reported an increase in first-quarter profit. Rupert Murdoch's News Corp. lost 4.4 per cent in Sydney after cutting its profit forecast on declining ratings for shows such as "American Idol" and "X Factor."
Kubota Corp. lost 4 per cent, leading declines on the Nikkei 225, as profit at the Japanese tractor maker missed analysts' estimates.
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