TOKYO, Oct 1 (Bloomberg): Asian stocks fell for the first time in three days on concern the region's economic recovery may falter after a Bank of Japan survey showed companies plan to deepen investment cuts.

Fanuc Ltd., Japan's largest maker of robots, fell 3.1 per cent after the central bank's Tankan report showed companies will cut capital spending 10.8 per cent this year. Hyundai Motor Co., South Korea's largest automaker, slumped 8.1 per cent on concern export earnings will be hurt after the won rose against the dollar and Chicago business activity dropped. Advantest Corp. slumped 5.8 per cent after Credit Suisse Group AG cut its rating.

"The data is looking a bit more mixed," said Rob Patterson, who helps manage $3.4 billion at Argo Investments Ltd. in Adelaide. "The rally has been very strong and probably a bit overdone. We need more evidence of an economic recovery and the proof will be in the next earnings results."

The MSCI Asia Pacific Index declined 1.2 per cent to 116.60 as of 7:27 p.m. in Tokyo, following a two-day, 0.6 per cent advance. The gauge has surged 65 per cent from a five-year low on March 9 as stimulus measures around the world dragged economies out of recession.

Japan's Nikkei 225 Stock Average sank 1.5 per cent, while South Korea's Kospi Index lost 1.7 per cent. Australia's S&P/ASX 200 Index dropped 0.9 per cent. Markets in Hong Kong and China are closed for holidays.

Elpida Memory Inc. sank 8.6 per cent in Tokyo after the US vowed to use World Trade Organization sessions to press Japan over subsidies to the chipmaker.