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2024

Asia stocks slump on tech rout contagion, global uncertainty

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Asian shares dropped, with the MSCI Asia-Pacific index falling 1.56% and Nikkei seeing significant declines. Tech stocks, oil prices, and gold also dipped amidst Tokyo's intervention, mixed futures for S&P 500 and Nasdaq. ECB held rates, U.S. data, weak Chinese property sector, yuan weakness, and core inflation affected markets. Brent crude at $84.72.