Asian Stocks Fall for Second Week Before U.S. Jobs Report

Asia’s benchmark stock index fell for a second week, after swinging between gains and losses today, as data showed China’s trade surplus narrowed and investors awaited a report on U.S. payrolls.

Luk Fook Holdings (International) Ltd., a jewelry retailer, slumped 11 percent in Hong Kong after its rating was cut at Credit Suisse Group AG on slowing sales momentum. Mitsubishi Materials Corp., which processes metals, dropped 1.6 percent in Tokyo as it said it will halt a plant’s operation after an explosion. Dainippon Sumitomo Pharma Co., which has the distribution rights in Japan and China for a liver-disease drug developed by Intercept Pharmaceuticals Inc., jumped 17 percent after a clinical trial proved successful.