Asian Stocks Fall as Manufacturing Decline

Dec. 2 (Bloomberg) -- Asian stocks tumbled, extending a global rout, as signs the global recession is deepening drove down oil prices and heightened concerns over company earnings.

``The U.S. manufacturing report made it clear it's going to take a while before we get out of this recession,'' Mamoru Shimode, chief equity strategist at Deutsche Bank AG, said in an interview with Bloomberg Television.

The MSCI Asia Pacific Index dropped 3.1 percent to 80.06 as of 9:51 a.m. in Tokyo. About 15 stocks fell for each that rose.