Asian stocks, oil and Euro drop

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02-09-2011 | 02:03
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Asian stocks, oil and Euro drop
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Asian stocks, oil and Euro drop
Mainland China's Shanghai Composite Index fell 1 percent to 2,530.77, while South Korea's Kospi moved 1.2 percent lower to 1,857.22. Markets in Australia, New Zealand and Singapore also fell, while benchmark index in the Philippines bucked the trend and gained 0.6 percent.  

In currencies, the dollar strengthened to 76.86 yen from 76.78 yen late in New York on Thursday. The euro fell to $1.4261 from $1.4273.  

Benchmark oil for October delivery was down 19 cents to $88.72 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 12 cents to settle at $88.93 per barrel on the Nymex on Thursday.
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