Asian Stocks Slump as Global Selloff Extends on Growth Worries
Asian stocks slumped, headed for a third day of losses, as investors fled risk assets amid growing concern over US economic growth, with disappointing data from Japan also weighing on sentiment.
The MSCI Asia Pacific Index slid as much as 2.1% to touch a five-week low before nearly halving the loss. Tech stocks including Taiwan Semiconductor Manufacturing Co. and Sony Group Corp. were among the biggest drags, tracking a selloff in US markets that pushed the Nasdaq 100 into a technical correction Monday.
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an hour ago
Oil prices rise, US futures fall as Israel urges Tehran residents to evacuate
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