Asian stocks fell, with a regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.

Nikkei 225 9,470.64 -167.35 -1.74%

Hang Seng 20,600.46 -100.58 -0.49%

S&P/ASX 200 4,302.3 -21.01 -0.49%

Shanghai Composite 2,357.03 -2.13 -0.09%

Nintendo Co.  a manufacturer of game consoles that gets a third of its sales in Europe, fell 3.2 percent in Osaka.

James Hardie Industries SE, an Australian supplier of building materials that gets more than half of its sales from the U.S., dropped 1.2 percent in Sydney. Industrial & Commercial Bank of China Ltd. declined 1 percent in Hong Kong after Goldman Sachs Group Inc. was said to sell a $2.5 billion stake at a discount.