(Bloomberg) - Asian stocks fell, sending a regional benchmark to a two-week low, after the largest decline in U.S. manufacturing in five years and record oil prices heightened concerns the world's biggest economy will enter a recession.
Hon Hai Precision Industry Co., a maker of Apple Inc.'s iPods, and BHP Billiton Ltd. retreated on speculation demand for the region's electronics and raw materials will wane. National Australia Bank Ltd. led a drop by banks on concern weakening U.S. growth will widen credit-market losses.
Read more at Bloomberg
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