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Asian stocks tank after US data fans recession fears

By Inquirer - 4 months ago
Updated on August 5, 2024 at 5:28 p.m. Hong Kong, China — Tokyo led a collapse across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world’s top economy and boosted bets on several Federal Reserve interest rate cuts. Trading boards showed

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