Wednesday 19 December 2018
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wn.com - 1 month ago

Asian shares sell-off on Wall Street tech rout, oil slides

Japan s Nikkei dived 3.1 percent led by losses in electric machinery makers and suppliers of Apple s iphone parts. Reuters @moneycontrolcom Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16-month highs as investors dumped riskier assets. MSCI s broadest index of Asia-Pacific shares outside Japan dropped 1.7 percent to a 1-1/2 week trough, with Australian shares sinking 1.6 percent. Japan s Nikkei dived 3.1 percent led by losses in electric machinery makers and suppliers of Apple s iphone parts. Overnight in Wall Street, major US stock indexes skidded more...

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