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Wednesday, October 26, 2016

Asia stocks slide after Wall St losses,oil down on glut concerns

Asian Market 1


Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid.MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent.

Japan’s Nikkei lost 0.2 percent, while South Korea’s KOSPI dropped 0.8 percent and Australia fell 1.4 percent.

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