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Asian Stocks Decline on U.S. Economic Concern; Samsung Falls

Asian stocks fell for a third day after U.S. President Barack Obama said the government is “running out of time” in negotiating an agreement to cut the fiscal deficit, hurting the outlook for Asian exporters.

Samsung Electronics Co., South Korea’s biggest exporter of consumer electronics, slipped 2.3 percent in Seoul. HTC Corp., a Taiwanese maker of smartphones, sank 4 percent after the U.S. International Trade Commission ruled it infringed on two patents of Apple Inc. News Corp. slumped 4.1 percent as the scandal over phone hacking at the now defunct News of the World widened with the arrest of former editor Rebekah Brooks.