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Asian stocks slip, dollar slumps
Asian stocks fell on Wednesday after U.S. stocks skidded, while a drop in U.S. Treasury yields kept up pressure on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down about 0.2 percent in early trade, and Japan's Nikkei stock average .N225 dropped about 0.6 percent. Traders were awaiting China inflation data at 2130 EST for further clues on whether the economy is stabilizing, ahead of its second-quarter GDP next week. On Wall Street, major stock indexes sagged with the Standard & Poor's 500 index .SPX shedding 0.7 percent as investors turned cautious before the start of ... (full story)