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Asian stocks dropped the most in two weeks amid concern a credit squeeze in China will curb growth and after a better-than-forecast U.S. jobs report fueled concern that the Federal Reserve may begin reducing stimulus this year.
Nikkei 225 14,109.34 -200.63 -1.40%
Hang Seng 20,601.75 -252.92 -1.21%
S&P/ASX 200 4,809.5 -32.25 -0.67%
Shanghai Composite 1,958.27 -48.93 -2.44%
BHP Billiton Ltd., the world’s biggest mining company, fell 2.1 percent in Sydney as metals prices retreated the most in two months.
Asiana Airlines Inc. tumbled 5.8 percent in Seoul after one of its planes crashed at San Francisco International Airport.
Zijin Mining Group Co. dropped 7 percent in Hong Kong after China’s biggest gold miner by market value said profit may slump as much as 55 percent.
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