Asian stocks fall despite Senate rescue plan vote

Asian stock markets retreated Thursday as broader concerns about a global economic slowdown outweighed any relief over the U.S. Senate's passage of the bailout package to rescue the U.S. financial system.

Japan's benchmark Nikkei 225 stock average lost 1.1 percent at 11,242.65, while Hong Kong's Hang Seng index slipped 0.9 percent to 17,850.13.

Benchmarks in Australia, South Korea, Singapore and Taiwan were also in negative territory.

In Washington Wednesday, the Senate approved a revised rescue bill with tax breaks and other sweeteners by a vote of 74-25. The House of Representatives votes on the plan Friday.

But even if the package is …