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That $4.3 trn wipeout in Asian stocks is getting deeper as dollar soars
It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China's slowdown as tech stocks plunged. Just like that, the region's equity benchmark erased weekly gains and posted its sixth slide in seven weeks. The MSCI Asia Pacific Index slumped 1.2 percent Friday, worsening the wipeout that already erased $4.3 trillion of market value this year.
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