Panasonic Corp., the consumer-electronics maker pivoting toward products for cars and homes after record losses, lost 2.1 percent in Tokyo. Bridgestone Corp. dropped 3 percent after the Japanese tiremaker forecast slower-than-expected full-year profit growth. CapitaLand Ltd. fell 1 percent in Singapore after Southeast Asia’s biggest developer reported a 46 percent decline in fourth-quarter profit. Seek Ltd. jumped 19 percent in Sydney after the online hiring company reported an increase in first-half profit and said a unit will acquire a rival website.

The MSCI Asia Pacific Index slipped 0.2 percent to 137.28 as of 11:15 a.m. in Tokyo, falling for the first time in four days. About five shares fell for every four that rose on the gauge. The market value of global equities rose to $62.1 trillion on Feb. 17, above the level reached at the end of December, data compiled by Bloomberg show.

“The market has had a good run in the past week,” Stan Shamu, a Melbourne-based market strategist at IG Ltd., said by phone today. “Unless we’ve got continuing catalysts to push the market higher, investors will stay on the sidelines.”

Japan’s Topix (TPX) fell 0.4 percent today on volume that was 14 percent below the 30-day intraday average. The gauge rose the most in the five months yesterday after the Bank of Japandoubled a growth funding facility.

South Korea’s Kospi index slid 0.4 percent. China’s Shanghai Composite Index dropped 0.3 percent, while Hong Kong’s Hang Seng Index lost 0.1 percent. Taiwan’s Taiex index was little changed. Australia’s S&P/ASX 200 Index (AS51) rose 0.3 percent and New Zealand’s NZX 50 Index added 0.1 percent. Singapore’s Straits Times Index climbed 0.5 percent.

U.S. Futures

Futures on the Standard & Poor’s 500 Index fell 0.1 percent. The gauge added 0.1 percent yesterday, climbing within eight points of a record as a $25 billion deal to acquire Forest Laboratories Inc. offset slower growth in New York-area manufacturing. Minutes of the Federal Reserve’s January meeting are due today.

The MSCI Asia Pacific Index rebounded this month after dropping 4.6 percent in January, its worst start since 2009. Shares on the gauge traded at 12.9 times estimated earnings yesterday, compared with 15.6 times for the S&P 500 and 14.4 for the Stoxx Europe 600 Index, according to data compiled by Bloomberg.

Of the 360 companies on the Asian measure that have reported quarterly earnings since the beginning of January and for which estimates are available, 54 percent beat profit expectations, Bloomberg-compiled data show.

To contact the reporter on this story: Jonathan Burgos in Singapore atjburgos4@bloomberg.net

To contact the editor responsible for this story: Sarah McDonald atsmcdonald23@bloomberg.net

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