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Markets See Red

EQUITIES

A third consecutive negative day for Asia-Pac equity markets, bourses took a negative lead from the US where Wall Street declined as markets take stock of the recent rally in yields and weak data. Shares in Japan and South Korea are the laggards in the region sustaining losses of over 1%, while markets in Australia also endured heavy selling as oil prices sagged.

  • Futures in the US are around 0.4% lower; Treasury Secretary Yellen said yesterday that there could be parts of the stock market where investors should exercise caution.
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