Asian Stocks Post Weekly Decline as Growth Concerns Intensify

Asian stocks fell, dragging a regional stock index to its first weekly decline in more than a month, as concern intensified that global growth is slowing.

Sony Corp., an electronics maker that receives 22 percent of its sales from the U.S., fell 4.2 percent as the yen reached a 15-year high against the dollar, threatening to lower the value of export earnings. James Hardie Industries, the biggest seller of home siding in the U.S., tumbled 11 percent after a forecasting lower-than-estimated profit. PetroChina Co. lost 5.6 percent in Hong Kong as oil declined.