Asian stocks fell, dragging the regional benchmark index down from an 18-month high, amid renewed concern about Europeâ€™s debt crisis. Hong Kong shares tumbled the most since November amid speculation the government may act to cool the property market.
Konica Minolta Holdings Inc. (4902), a Japanese maker of imaging equipment that gets 28 percent of its sales in Europe, dropped 3.1 percent. Macquarie Group Ltd. (MQG) lost 4.1 percent amid concern full-year earnings may trail the Australian lenderâ€™s forecast. China Petroleum & Chemical Corp. (600028) fell 6.4 percent in Hong Kong after Asiaâ€™s biggest refiner said it plans to sell shares worth HK$24 billion ($3.1 billion) at a discount.