Asian Stocks Extend Weekly Slide as Toyota Cuts Profit ForecastAsian stocks fell, extending a weekly decline for the regional benchmark gauge, as raw-material producers and consumer stocks retreated and Toyota Motor Corp. forecast profit will drop.

The MSCI Asia Pacific Index slid 0.1 percent to 137.50 as of 9:02 a.m. in Tokyo, on course to drop 0.7 percent this week, before markets open in Hong Kong and China. The region��s largest equity markets, Hong Kong and Japan, have slumped the most of 24 developed markets tracked by Bloomberg this year amid concern Chinese economic growth is slowing and as the yen strengthened.

Japan��s Topix index slipped 0.3 percent, with more than 300 of the gauge��s constituents due to report earnings today. Toyota, the world��s largest carmaker, forecast profit will drop from last year��s record as demand slumps in Japan, competition intensifies in the U.S. and a stronger yen reduces the outlook for overseas earnings when repatriated.

South Korea��s Kospi added 0.1 percent. Australia��s S&P/ASX 200 Index lost 0.3 percent and New Zealand��s NZX 50 Index slipped 0.1 percent.

Futures on the Hong Kong��s Hang Seng Index climbed 0.1 percent and contracts on the Hang Seng China Enterprises Index of mainland shares traded in the city gained 0.2 percent.

Source : Bloomberg