Most Asian Stocks Fall on Chinese Policy Concern, Ireland Rating

Most Asian stocks fell after Ireland’s credit rating was cut and amid speculation Chinese policy makers would raise interest rates to slow inflation in the world’s fastest-growing major economy.

Toyota Motor Corp., a Japanese carmaker that gets about 70 percent of its sales abroad, lost 1.4 percent after the euro weakened against the yen, damping the outlook for export profits. Industrial & Commercial Bank of China Ltd. retreated 0.5 percent in Hong Kong. Rio Tinto Group, the world’s third-biggest mining company, dropped 0.7 percent in Sydney as copper prices decreased from a 31-month high yesterday in New York.