Asian stocks fell, with the regional benchmark index dropping the most in almost eight months, after data showing weaker-than-expected growth in U.S. manufacturing helped extend a rout that wiped about $2.9 trillion from the value of global equities this year.

Nikkei 225 14,008.4 -610.66 -4.18%

Hang Seng 21,479.52 -555.90 -2.52%

S&P/ASX 200 5,097.07 -90.85 -1.75%

Shanghai Composite Closed

Toyota Motor Corp., the world’s biggest carmaker that gets about a third of sales in North America, sank 5.7 percent after the yen strengthened against the dollar and the company’s U.S. sales fell more than forecast.

Japan’s Topix index slumped 4.8 percent, capping a 13 percent slump from a Jan. 8 high.

Newcrest Mining Ltd. rose 4.7 percent after gold advanced, boosting precious metal producers.