03/07/2008 21:52. July 3 (Bloomberg) -- Asian stocks fell for a fifth day, dragging the region's benchmark index to the lowest in more than three months, as oil rose to a record, deepening concern global economic growth will slow and erode profits.

Toyota Motor Corp. dropped, driving Japan's Nikkei 225 Stock Average to its longest losing streak in 54 years, as crude climbed above $144 a barrel. Posco led steelmakers lower on speculation falling vehicle sales will reduce demand for the metal. BHP Billiton Ltd. plunged the most in more than three months following declines in platinum, palladium and coal prices.

``The world has definitely turned bearish and sentiment is very negative,'' said Prasad Patkar, who helps manage the equivalent of about $1.8 billion at Platypus Asset Management in Sydney.... // Bloomberg

Total: 6 news articles
First News Article: Bloomberg, 03/07/2008 13:05