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Philippines : Asia stocks caught in longest sell-off in 16 years

Sep 12, 2018 (Euclid Infotech Ltd via COMTEX) --

It's a losing streak investors haven't seen since 2002.

The benchmark MSCI Asia Pacific Index fell for a tenth consecutive day on Wednesday, extending its recent decline to about 5 per cent and bringing the loss in value to almost US$700 billion this year.

And there's a slew of reasons: trade, the US dollar, emerging-market turmoil and the bear market in Chinese stocks to name but a few.

"Asian stocks have been caught in the middle of increasing trade tensions as well as the rising dollar and emerging market contagion, and certainly China weakness is also adding fuel to the fire," said Nader Naeimi, head of dynamic markets at AMP Capital Investors Ltd.

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