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Overnight Markets: US stocks fall as budget deal spurs Fed bets

by Himanshu Singh on Dec 12, 2013 at 03:42

In Asia, stocks fell on Thursday as investors speculate the US budget deal will give the Fed confidence to curb stimulus as soon as next week.

The MSCI Asia Pacific Index slid 0.7% to 139 as of 9:39 a.m. in Hong Kong. Japan’s Topix index fell 0.7% as the yen held near its strongest level this week versus the dollar.

Australia’s S&P/ASX 200 Index lost 0.6%, falling for a sixth day in the longest losing streak in 17 months. South Korea’s Kospi index retreated 0.7% and New Zealand’s NZX 50 Index slid 0.2%.

Hong Kong’s Hang Seng Index slid 0.1% and China’s Shanghai Composite added 0.1%. Taiwan’s Taiex Index and Singapore’s Straits Times Index both declined 0.4%.

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