Asia Stocks Fall as China Growth Concern Tempers Bernanke

Asian stocks declined after Chinese Premier Wen Jiabao warned of a “severe” jobs outlook and amid concern Asian companies’ profits are falling. Exporters to the U.S. gained as Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to act to spur growth.

Huaneng Renewables Corp Ltd., an alternative energy company, slumped 14 percent in Hong Kong after saying profit may fall more than 50 percent. Japanese utilities extended losses for a second day after a report that a fault line is active beneath a nuclear plant. Nissan Motor Co., which gets a third of its revenue from North America, rose 1.9 percent in Tokyo.