Asian stocks fell, with Japan’s Topix Index falling the most since March 2011, after a survey of sentiment among the country’s largest manufacturers missed estimates and an official gauge of China’s factory output expanded at a slower-than-expected pace.

Nikkei 225 12,135.02 -262.89 -2.12%

Hang Seng 22,299.63 -165.19 -0.74%

S&P/ASX 200 4,966.5 -28.49 -0.57%

Shanghai Composite 2,234.4 -2.23 -0.10%

Mazda Motor Corp., the Japanese automaker with the highest proportion of exports, lost 4.3 percent as the yen strengthened against all its major peers.

Nomura Holdings Inc. slid 4.3 percent after Japan’s No. 1 brokerage was sued by a trust over an alleged breach of contract involving $1.14 billion of mortgage-backed securities.