Pursuits
Asian Stocks Fall After U.S. Jobs Growth Slows; Tepco Plunges
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Asian stocks declined, dragging the regional benchmark index to its lowest level in a week, as slowing jobs growth in the U.S. added to signs the global economic recovery is faltering.
Panasonic Corp., the biggest maker of plasma televisions, fell 1.8 percent in Tokyo. Tokyo Electric Co. plunged 28 percent after the Asahi Shimbun newspaper quoted Tokyo Stock Exchange President Atsushi Saito as saying that the operator of the crippled Fukushima Dai-Ichi nuclear plant should be put under bankruptcy protection. Qantas Airways Ltd. led airlines lower after the International Air Transport Association cut its 2011 industry profit forecast.