Asian stocks open on negative note

Asian stocks fell, as people familiar with the matter said Bank of America has the largest need for new capital among the 19 biggest US banks subjected to stress tests.

Hong Kong`s Hang Seng index fell 81.32 points, or 0.49%, to trade at 16,348.76.

China`s Shanghai Composite declined 5.77 points, or 0.22%, to trade at 2,561.57.

Taiwan`s Taiex index went up 81.81 points, or 1.28%, to trade at 6,461.75.

South Korea`s Kospi index shrank 2.41 points, or 0.17%, to trade at 1,395.51.

Singapore`s Straits Times dropped 16.91 points, or 0.82%, to trade at 2,057.44. (7:47 a.m., IST)

Japan`s Nikkei is not trading today.