Asian stocks fell, paring the biggest rally in two weeks yesterday, on concern Cyprus’s bank- restructuring plan will be used for other European nations, imperiling depositors and bondholders, and on a report China is stepping up property curbs.

Nikkei 225 12,471.62 -74.84 -0.60%

Hang Seng 22,311.08 +59.93 +0.27%

S&P/ASX 200 4,950.25 -39.95 -0.80%

Shanghai Composite 2,297.67 -29.05 -1.25%

HSBC Holdings Plc, Europe’s biggest lender, dropped 1.3 percent in Hong Kong.

Country Garden Holdings Co., the Chinese developer controlled by billionaire Yang Huiyan, decreased 1.7 percent on a report that banks have started to control the scale of loans for mainland real estate developments.