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Asian Stocks Fall to Three-Month Low on Europe Turmoil

Asian stocks dropped, with the regional benchmark index falling to its lowest level in more than three months, as political tension in Greece heightened concern Europe’s debt crisis may worsen, weakening the outlook for exporters in Asia.

Mitsubishi Motors Corp., an automaker that gets 27 percent of its sales from Europe, dropped 2.3 percent in Tokyo. Qantas Airways Ltd., Australia’s largest carrier, slid 2.3 percent in Sydney after the government boosted imposts on airfares and scrapped a planned corporate tax cut to end four years of budget deficits. Cosco Corp. Singapore Ltd. fell 2.5 percent after the shipbuilder posted first-quarter earnings that missed estimates.