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Overnight Markets: S&P 500 posts biggest drop since November on Europe
by Himanshu Singh on Feb 05, 2013 at 03:58
In Asia, shares fell on Tuesday in morning trade bringing a recent rally to a halt amid political concerns in Spain and Italy.
The MSCI Asia Pacific Index slid 0.7% to 133 as of 11:38 a.m. in Hong Kong. Japan’s Nikkei 225 Stock Average slipped 1.2% after closing yesterday at its highest level since April 2010.
South Korea’s Kospi Index lost 0.7%. Singapore’s Straits Times Index fell 0.7% and Taiwan’s Taiex Index dropped 0.5%. Hong Kong’s Hang Seng Index slid 1.6% and China’s Shanghai Composite lost 0.4%.
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