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Asian Stocks Dive

Gains of recent days wiped out as investors switch focus back to slumping economy

By Rob Quinn,  Newser Staff

Posted Nov 6, 2008 3:56 AM CST

(Newser) – Dismal earnings predictions from major companies snapped a three-day gain in Asian markets, Bloomberg reports. Japan's Nikkei index skidded 6.5% after Hyundai, Panasonic, and Isuzu warned that the US slowdown would hit earnings. Hong Kong's Hang Seng dropped 6.4%, while News Corp's Australian...   Read full story »

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