Asian Stocks Fall as U.S. Data Fuels Economic Growth Concern

Asian stocks fell the most in three weeks as slower-than-estimated growth in U.S. incomes fueled concern the economic recovery may falter. Japanese shares led declines on concern the government’s latest policy efforts will fail to rein in the yen and boost domestic growth.

Sony Corp., an electronics maker that earns more than 70 percent of sales outside of Japan, declined 3.7 percent. Canon Inc., a camera maker that gets more than 80 percent of its revenue overseas, dropped 4.4 percent as the yen resumed its gain, threatening the nation’s export-led recovery, even after the Bank of Japan moved to expand its lending program. Hon Hai Precision Industry Co., the world’s No. 1 contract manufacturer of electronics, slumped 6.6 percent in Taipei after reporting profit that missed analysts’ estimates.