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Tech Leads The Way Lower

EQUITIES

Equity markets in the Asia-Pac region are in the red after taking a negative lead from the US. Losses are broad, but Japanese markets hold the dubious honour of being the biggest decliners with losses of almost 3%., there were also reports in Asahi that a Japan wide emergency shouldn't be ruled out. Tech heavy indices such as the Taiex and the KOSPI have also sustained heavy losses, following in the footsteps of the Nasdaq, inflation concerns amid surging commodity prices was adduced as the reason behind the Nasdaq's decline. In Australia the ASX 200 lost over 1% as iron ore declined over 4% from its highs after surging yesterday. In the US futures are lower, the Nasdaq once again leading the way lower.

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