Articles
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Asia stocks lower, dollar surges against yen
(AP:BANGKOK) Asian stock markets were mostly lower Monday as investors shifted their focus from Europe’s debt woes to the strength of the U.S. economy. Japan sold the yen to limit its export-sapping strength.
Japan’s Nikkei 225 index fell 0.2 percent to 9,035.95 despite the currency intervention. Hong Kong’s Hang Seng slipped 1.2 percent to 19,782.32 and South Korea’s Kospi was 0.9 percent lower at 1,912.58.
Benchmarks in Australia, mainland China, Singapore and Taiwan also fell, while those in New Zealand, India and Thailand rose.
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