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Asian Shares hit one-year low on Turkey, China worries

Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, while Japan’s Nikkei and the Australian benchmark dropped 1.2 percent and 0.4 percent, respectively.

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