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IPFS News Link • Economy - International

Asia shares slide on economy fears; dollar climbs

• Reuters
Asian stocks fell to near five-month lows on Friday as investors dumped riskier assets after rising sovereign debt problems in the euro zone and poor jobs data sent U.S. and European stocks tumbling.

The U.S. dollar climbed, having surged in the previous session, after investor anxiety about sovereign debt in Greece, Portugal and Spain sparked a sell-off in the euro and growth-linked currencies such as the Australian dollar.

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