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Currency Analyst since 2010

Asian stocks fell

Asian shares fell on Thursday as the market’s sentiment was hit by slowing Chinese manufacturing activity and the Fed’s Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid by 2.8%, its biggest one-day percentage drop in 13 months and lowest since May last year.

Source: Bloomberg

 

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