Asian Stocks Snap Two-Day Rally on Greece, Japan Exports

Asian stocks fell, dragging the regional benchmark index to a five-month low, as concerns mounted Europe’s debt crisis is worsening and the Bank of Japan refrained from deploying further monetary stimulus, dimming the outlook for exporters.

Cosco Pacific Ltd., which operates container facilities at Greece’s Piraeus port, fell 4 percent in Hong Kong. Mitsui & Co., a Japanese trading company, slid 1.6 percent after the nation’s trade data missed estimates. Quanta Computer Inc. led computer makers lower in Taiwan, dropping 4.2 percent, after bellwether Dell Inc. forecast slower sales. Shanghai Pharmaceuticals Holding Co. slumped 24 percent in Hong Kong on a report regulators are investigating the drugmaker for suspected financial fraud.