Nov. 26 (Bloomberg) -- Most Asian stocks fell as share-sale concerns and the dollar’s slump to a 14-year low against the yen overshadowed advances by commodity and technology companies.

Bank of China Ltd., which this week said it’s studying options for replenishing capital, lost 1.8 percent in Hong Kong. Asahi Glass Co. slumped 7.7 percent on plans to sell convertible bonds. Honda Motor Co. lost 1.3 percent on concern the stronger yen will hurt the value of U.S. revenue. BHP Billiton Ltd., the world’s largest mining company, added 1.1 percent in Sydney as copper prices climbed in New York. LG Display Co. gained 1.7 percent in Seoul after BNP Paribas SA upgraded the stock.

Two stocks declined for each one that rose on the MSCI Asia Pacific Index, which was little changed at 118.16 as of 2:49 p.m. in Tokyo. The gauge, which swung between gains and losses at least 18 times, has climbed 67 percent from a more than five- year low on March 9 amid signs government stimulus measures were reviving economies around the world.

“Markets tend to consolidate after a very strong performance,” said Paul Xiradis, who manages $10 billion at Ausbil Dexia Ltd. in Sydney. “It’s a bit of a patience game from here. What we want to see is ongoing confirmation that things are improving, and then that being translated into improved earnings.”

Japan’s Nikkei 225 Stock Average fell 0.6 percent as Finance Minister Hirohisa Fujii said the government needs to take action on abnormal currency movements. The yen strengthened today to 86.30 per dollar, the highest since July 1995.

China’s Shanghai Composite Index sank 2.5 percent, while Hong Kong’s Hang Seng Index fell 1.1 percent. China Minsheng Banking Corp. lost 1.2 percent on its debut in Hong Kong after raising HK$30.1 billion ($3.88 billion) in the city’s biggest public share sale since April 2007.

Lower Confidence

Australia’s S&P/ASX 200 Index sank 0.3 percent. South Korea’s Kospi Index declined 0.7 percent as a central bank survey showed manufacturers’ confidence slipped to the lowest level in four months.

Futures on the U.S. Standard & Poor’s 500 Index lost 0.4 percent. U.S. markets are closed today for Thanksgiving. The S&P 500 added 0.5 percent yesterday as reports on new home sales, jobless claims and consumers spurred optimism the economic recovery is strengthening.

The MSCI Asia Pacific Index has gained 32 percent this year, more than the S&P 500’s 23 percent increase, amid growing confidence Asian growth will outpace the rest of the world. Shares in the MSCI gauge trade at 1.5 times book value, rising from 1.03 at the gauge’s low this year on March 9, according to data compiled by Bloomberg.

Capital Concerns

Bank of China lost 1.8 percent to HK$4.40. China Construction Bank Corp., the nation’s No. 2 bank by market value, declined 2.8 percent to HK$6.95. Industrial & Commercial Bank of China Ltd., the nation’s biggest lender, slid 2.5 percent to HK$6.63.

China’s five largest lenders have submitted preliminary plans for boosting capital to the country’s banking regulator, people familiar with the matter said this week.

“It’s not surprising that the authorities in China are wanting to make sure that the loans go to the right places and banks are not becoming too stretched,” Geoff Lewis, Hong Kong- based head of investment services at JPMorgan Asset Management, told Bloomberg Television today. “We might see some gradual measures to withdraw some liquidity.”

China’s excess industrial capacity is “wreaking far- reaching damage on the global economy,” stoking trade tensions and raising the risk of bad loans, the European Union Chamber of Commerce in China said.

Minsheng Bank

Minsheng Bank, the nation’s first privately owned lender, fell 1.2 percent to HK$8.97, becoming the first Chinese bank in four years to fall on its Hong Kong trading debut.

Asahi Glass, Japan’s biggest glass producer, slumped 7.7 percent to 740 yen. The stock posted the largest drop on the MSCI Asia Pacific Index after the company filed to sell as much as 100 billion yen ($1.1 billion) of convertible bonds for investments and to repay maturing debt.

Honda lost 1.3 percent to 2,760 yen and Isuzu Motors Ltd. slumped 4 percent to 143 yen as the dollar extended its seven- month decline against the yen to 14 percent. Sony Corp., the maker of the PlayStation 3 game machine, retreated 2.1 percent to 2,365 yen.

BHP added 1.5 percent to A$41.80. Oil and metals prices advanced as the weaker dollar boosted the appeal of commodities as an alternative investment. Crude oil futures in New York rose 2.6 percent to $77.96 a barrel yesterday, the highest settlement since Nov. 18, while copper futures gained 1.7 percent.

Top Performers

Newcrest Mining Ltd. surged 2.8 percent to A$38, as gold climbed to a record for the third time this week. Rival St. Barbara Ltd. jumped 4.4 percent to 35.5 Australian cents.

Commodity-related shares are the MSCI Asia Pacific Index’s best performers this year on speculation the revival in global growth will fuel demand for raw materials. The Organization for Economic Cooperation and Development on Nov. 19 raised its forecast for growth in the leading developed economies next year to 1.9 percent from 0.7 percent previously, as China powers a global recovery.

Taiwan’s government is due to release today gross domestic product figures for the September quarter that may show the economy shrank 2.6 percent, compared with 7.54 percent in the second quarter, according to the median estimate of 17 economists in a Bloomberg News survey.

LG Display, the world’s second-largest maker of liquid- crystal displays, rose 1.7 percent to 32,700 won. The stock was raised to “hold” from “reduce” at BNP Paribas, which said panel prices were falling less than expected.

Also in Seoul, Samsung C&T Corp., South Korea’s second- biggest builder, slumped 5.7 percent to 47,700 won as state-run Dubai World, with $59 billion of liabilities, sought to delay debt payments. Samsung C&T won a $350 million bridge contract from a Dubai World unit in April 2007.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.