Asian Stocks Fall in U.S. Trading on Economy Concern, Led by Telecom N.Z.

(Bloomberg) -- Asian stocks fell in U.S. trading,
posting their longest streak of weekly losses since September,
amid concern a housing slump may slow U.S. consumer spending.
Telecom Corp. of New Zealand slid after forecasting a drop in
earnings.

The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, lost 2.3 percent to
158.70, completing the week down 3.7 percent. That's the
measure's third weekly decline.


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