Asian stocks fall as outlook for earnings dims Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 11:25 p.m., Tuesday, July 10, 2012 SINGAPORE (AP) — Asian stock markets fell Wednesday as the global economic slowdown threatens to reduce corporate profits. Companies start reporting second-quarter results this week and investors were dismayed when chip maker Advanced Micro Devices said Tuesday that weaker sales in China and Europe led to an 11 percent drop in revenue in the April to June period. The economic cycle in the rest of the world hinges substantially on such intervention, but accompanying actions by central banks in the U.S.