Asian stocks fell in PAMM Forex

 

Asian stocks fell in PAMM Forex after economic growth in Europe slowed and among concern stricter regulations after the BP Plc oil disaster will erase earnings at oil companies.

Mitsui & Co., which owns a stake of oil in the Gulf of Mexico, fell 6.6 percent in Tokyo after BP Plc gave up trying to close oil spill in the gulf before August.

The MSCI Asia Pacific Index reduced 0.6 percent to 111.59. The Asian index slumped 9.8 percent last month, the most since October 2008 on mounting concern budget deficits in Europe could hurt the global economic stability; Sony Corp., which gets 21 percent of its sales from Europe, lost 1.8 percent.

BHP Billiton Ltd., which owns 44 percent of the Atlantis project in the Gulf of Mexico, lost 0.5 percent.