Asian Stocks Finish Mostly Lower

Updated from 3:05 a.m. EDT

By Jeremiah Marquez

HONG KONG -- Asian stocks ended mostly lower Monday as weak company earnings led investors to ratchet down hopes for a global recovery, but India's index vaulted 17% after election results paved the way for economic reforms.

Tokyo shares were hardest hit after two of Japan's leading companies -- Panasonic(PC Quote) and Mizuho Financial (MFG Quote) -- reported colossal losses for the last fiscal year. The strengthening yen hurt the country's major exporters. Oil firms, meanwhile, sank along with crude prices. ...