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Asia Stocks Track US Sell-off On Stimulus Worries

Fahad Shabbir (@FahadShabbir) Published July 22, 2016 | 01:13 PM

Asia stocks track US sell-off on stimulus worries

HONG KONG,(UrduPoint / Pakistan Point News - 22nd july,2016) - Asian markets fell Friday, tracking the Dow on Wall Street's first loss in six sessions, with traders left disappointed by comments from central banks in Japan and Europe that caused them to roll back their stimulus hopes.

Trading floors worldwide have been humming with excitement for the past few weeks, racking up trillions of Dollars in gains, as leaders promised measures to kickstart economies in the wake of Britain's shock EU exit vote. The upbeat outlook, strong US data and expectations Japan would unveil a huge stimulus -- reportedly worth 20 trillion Yen -- also sent the yen tumbling against the Dollar.

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