Asia Stocks Drop as U.S. Jobs Data Dims Recovery Outlook

Asian stocks fell for a fourth day, the longest losing streak on the regional benchmark since November, as a weaker-than-expected U.S. jobs report cast doubt on the strength of the recovery in the world’s biggest economy and China’s inflation accelerated.

Toyota Motor Corp. fell 2.4 percent in Tokyo after U.S. payrolls grew at the slowest pace in five months and the yen rose against the dollar, damping the outlook for export earnings. China Vanke Co. led mainland developers lower after faster-than-estimated inflation damped bets policy makers will cut lending curbs. HTC Corp. dropped 6.8 percent in Taiwan after the smartphone maker posted its biggest drop in profit since listing.