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Asia stocks fall as US data sparks rate hike talk

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(Photo: file, AFP)
(Photo: file, AFP)

Hong Kong - Asian markets tumbled on Monday after a strong US jobs report increased expectations the Federal Reserve will hike interest rates soon, while Tokyo took a hit from data showing Japan's economy grew slower than first thought in the last quarter of 2014.

The euro struggled at 12-year lows against the dollar as the European Central Bank (ECB) prepares to kick off its bond-buying stimulus programme, while Hong Kong and Shanghai dealers were unimpressed by mixed Chinese trade data at the weekend.

Tokyo sank 0.63% by lunch, Hong Kong lost 0.75%, Sydney tumbled 1.27% and Seoul shed 0.70% while Shanghai was 0.22% lower.

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Rand - Dollar
18.90
+0.2%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.31
+0.2%
Rand - Yen
0.12
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Platinum
908.05
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Palladium
1,014.94
0.0%
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Silver
24.95
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87.00
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Top 40
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All Share
74,536
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Resource 10
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Financial 15
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