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Asia markets slip following sharp declines on Wall Street

“Asia markets traded lower on Friday following sharp declines in U.S. stocks overnight as a dire quarterly warning from Apple stoked fears of a slowdown in the global economy” writes Eustance Huang for Japan’s Nikkei 225 dropped 3.27 percent in morning trade while the Topix index fell 2.3 percent, with almost all sectors seeing declines.Japanese conglomerate Softbank fell 5.23 percent and Fast Retailing, the company behind the Uniqlo chain of apparel stores, declined 6.21 percent.Chinese mainland markets also fell after market open while Hong Kong’s Hang Seng index beat the downward trend to trade up 0.1 percent.

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