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Asian market blues

Via AFP, a case of the worldwide economic jitters. Greece is the word:

Asian markets slipped for a third straight day Wednesday as dealers nervously await Greece’s key debt swap while sentiment was also hit by Eurozone officials saying the region was in recession.

Worse-than-expected Australian growth figures also added to the glum atmosphere.

Tokyo was 0.64 percent, or 61.57 points, lower at 9,576.06, Sydney fell 1.45 percent, losing 61.0 points to end at 4,143.7 and Seoul gave up 0.91 percent, or 18.21 points, to 1,982.15.

Hong Kong fell 0.86 percent, or 178.47 points, to 20,627.78 and Shanghai shed 0.65 percent, or 15.66 points, to 2,394.79.

Global shares have been falling all week following China’s announcement that it was expecting growth to slow further this year due to a fall in exports caused by slackening demand in the key US and European markets.

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