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Major Asian markets tumble

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BS Reporter Mumbai

Asian markets ended in the negative zone today.

Nikkei slipped 150 points from its 10-month closing high to 10,435 today, on caution ahead of Federal Reserve's economic policy review.

The Hang Seng declined posting its biggest single-day loss of 639 points to close at 20,435, after, as sharp sell-off happened after recent rally and also due to negative US markets. The index came dropped from its 12-month closing high.

The Shanghai Copmposite declined 152 points to 3,112, on liquidity worries.

The Straits Times shed 29 points to 2,567.

The Taiwan Weighted and the Seoul Composite were down 10 points and 14 points to 6,899 and 1,565, respectively.
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(Updated 1121 hrs)

 

The Asian markets continue to languish in the negative zones.The Hang Seng has plunged 408 points (2%) to 20,666.

The Nikkei has dropped 126 points (1%) to 10,459.

The Shanghai Composite has shed 90 points (3%) to 3,175.

The Straits Times and the Taiwan Weighted Index are both marginally down at 2,589 and 6,903. The Seoul Composite is down 16 points at 1,564.

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(Updated at 0821hrs)

Japan's Nikkei has dropped from 10-month highs as investors booked profits before the Federal Reserve meeting in the US. The Nikkei has slipped 83 points to 10,503.

 

The Shanghai Composite has plunged 74 points (2.2%) to 3,191. The Seoul Composite has tumbled 22 points (1.5%) to 1,557.

The Straits Times and Taiwan Weighted have dropped marginally to 2,581 and 6,896, respectively.

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First Published: Aug 12 2009 | 2:10 PM IST

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