Asian Stocks Fall Amid Global Recovery Concern; Toyota Drops

Asian stocks dropped, extending the regional benchmark index’s longest streak of weekly losses since October 2008, amid concern the global economy is slowing.

Toyota Motor Corp., the world’s biggest carmaker by revenue, declined 2.4 percent after forecasting a decline in profit. Bridgestone Corp., Japan’s No.1 tiremaker by market capitalization, slid 2.5 percent after Japan’s machinery orders fell in April, missing economist forecasts for a gain. In Taipei, HTC Corp., a maker of smartphones using operating systems from Google Inc. and Microsoft Corp., dropped 6.9 percent after UBS AG said the company cut around 1 million units of orders across different models. Taiwan Semiconductor Manufacturing Co. fell