Asian Shares Fall From a Record on U.S. Economy Concern; Kospi Advances

(Bloomberg) -- Asian stocks fell, led by Toyota
Motor Corp. and Taiwan Semiconductor Manufacturing Co., after
lower-than-expected earnings from the largest U.S. mortgage
lender fueled concern a housing slump is spreading.

Canon Inc. and Honda Motor Co. dropped after the yen rose
beyond 120 per dollar for the first time in two months, while
BHP Billiton Ltd. slid in tandem with oil and metals prices.
The Kospi index rebounded from earlier losses after Moody's
Investors Service raised South Korea's credit ratings and the
central bank reported the fastest economic growth in 18 months.


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