HONG KONG (Bloomberg): First it was China. Then the U.S. And finally Europe.
For Asian stock investors, this week’s cuts in economic-growth forecasts and disappointing data finally took their toll on Friday, sending the MSCI Asia Pacific Index toward its biggest plunge of the year and a second weekly decline. Losses only accelerated after a report showed Chinese trade slumped in February, with the nation’s equities leading the declines.
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