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Asia stocks drop as financial crisis worsens

July 28, 2008 on 10:51 pm | In Business News |

HONG KONG (Reuters) - Asian stocks tumbled on Tuesday, after Merrill Lynch, the third-largest U.S. investment bank, said it would take a $5.7 billion (2.86 billion pound) write down related to bad debt, draining confidence in the unstable financial sector.

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Asia stocks drop as financial crisis worsens

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