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Shanghai leads slump in Asia as world equity rout deepens
Published Mon, Aug 24, 2015 · 09:50 PM
Hong Kong
ASIAN stocks sank deeper into crisis on Monday and Shanghai fell the most in eight years as growing concerns that China's slowing economy will drag on world growth rattled equity investors.
Oil prices fell further after slipping below US$40 a barrel for the first time since 2009, after weak Chinese manufacturing data deepened fears that the Asian giant is growing more slowly than thought.
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