Asian Stocks Fall on Investor Concern on Stimulus Effect

Asian stocks fell amid concern stimulus measures by central banks won’t be enough to boost global economic growth and as more than 900 companies in Japan’s Topix Index traded ex-dividend today.

BHP Billiton Ltd., the world’s biggest mining company, fell 1.3 percent in Sydney as prices for oil and metals fell. BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., tumbled 9.8 percent in Hong Kong as CLSA Asia Pacific Markets cut its price target by 94 percent. Singapore Telecommunications Ltd. retreated 3.9 percent after sovereign-wealth fund Temasek Holdings Pte offered to sell S$1.28 billion ($1 billion) of shares in Southeast Asia’s biggest phone company.