Asian Stocks Decline a Fourth Week as Growth Concern Deepens

Asian stocks fell, with the regional index declining for a fourth straight week, as the global stock rout continued amid signs the world economy is slowing and Europe’s debt crisis will damage the banking system.

Honda Motor Co., the Japanese carmaker that gets about 83 percent of sales overseas, slipped 5.3 percent in Tokyo. Hynix Semiconductor Inc., the world’s second-largest computer-memory chipmaker, tumbled 21 percent in Seoul after Dell Inc. lowered its sales forecast for this year. HSBC Holdings Plc, Europe’s biggest lender by market value, dropped 2.9 percent on concern the worsening debt crisis in Europe could freeze interbank markets and cut off funding. An index of Japan’s 30 biggest companies hit a record low.