Asian stocks fell, with the regional benchmark index on course to drop for a fourth day, amid concern over the Federal Reserve’s plan to cut stimulus and as profit growth at China’s industrial companies slowed.
BHP Billiton Ltd., the world’s biggest mining company that counts China as its No. 1 market, fell 2 percent to be the biggest drag on the index as Australian markets opened after a holiday. LG Display Co. lost 3.3 percent in Seoul after customer Apple Inc. forecast sales that trailed analyst estimates. Komatsu Ltd., the world’s second-largest maker of construction equipment, gained 1 percent in Tokyo after bigger rival Caterpillar Inc. projected earnings that topped expectations.