Asia stocks drop, oil stymied as growth woes grip global markets

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.55 percent. Australian stocks lost 1 percent and Japan’s Nikkei fell 1.3 percent.

Asian stocks fell on Wednesday, weighed by a renewed bout of selling on WallStreet, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets.

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