Asian stocks fell for a second day on concern China’s economic slowdown is weighing on company earnings and after orders placed with U.S. factories for durable goods rose less than economists estimated.

Nikkei 225 10,114.79 -67.78 -0.67%

Hang Seng 20,609.39 -276.03 -1.32%

S&P/ASX 200 4,337.9 -5.61 -0.13%

Shanghai Composite 2,252.16 -32.72 -1.43%

PICC Property & Casualty Co. slid 4.1 percent in Hong Kong after China’s biggest non-life insurer reported lower-than- expected net income.

Toyota Motor Corp., Asia’s No. 1 carmaker by market value that gets 28 percent of its revenue in North America, fell 1.7 percent.

Speco Co. led gains among South Korean defense-related companies on a report that North Korea has begun to fuel a rocket it plans to launch.