Asian Stocks Fall From a Record; Honda, Exporters Decline on U.S. Concern

(Bloomberg) -- Asian stocks fell, with a key
regional index dropping from a record. Honda Motor Co. paced a
decline among exporters as disappointing earnings from
Caterpillar Inc. dented confidence in the U.S. economy.

``Caterpillar's result suggested some earnings estimates
were too optimistic,'' said Norihiro Fujito, strategist at
Mitsubishi UFJ Securities Co. in Tokyo.


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Japan Stocks May Drop on U.S. Earnings, Election Concern; Komatsu May Fall

(Bloomberg) -- Japanese shares may decline, paced by
companies that rely on the U.S. market, after Caterpillar Inc.
said its profit dropped on lower North American sales. Exporters
such as Honda Motor Co. and Komatsu Ltd. may fall.

Investors may also refrain from betting heavily on stocks
before the Upper House election, which will be held on July 29.
The Nikkei newspaper reported yesterday Japan's ruling coalition
may lose its majority in the election, citing its own poll.


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