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Asia stock markets fall on weak US economic data

Published on NewsOK Modified: April 3, 2013 at 10:41 pm •  Published: April 3, 2013
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Australia's S&P/ASX 200 lost 0.8 percent to 4,917.90. Hong Kong markets were closed for a public holiday.

U.S. stock markets fell sharply on Wednesday. The Dow Jones industrial average closed down 0.8 percent at 14,550.35. The Standard & Poor's 500 fell 1.1 percent to 1,553.69. The Nasdaq composite dropped 1.1 percent to 3,218.60.

Benchmark oil for May delivery was down 8 cents to $94.37 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $2.74, or 2.8 percent, to close at $94.45 a barrel on the Nymex on Wednesday.

In currencies, the euro fell slightly to $1.2842 from $1.2847 late Wednesday in New York. The dollar rose to 92.95 yen from 92.84 yen.

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