ASIAN MARKET UPDATE
The slide in China forced Asian markets off
earlier gains, with the MSCI's broadest index of Asia-Pacific shares outside
Japan flat. It shed more than 1 percent on Thursday. South Korean share gained
0.4 percent and Australian stocks rose 1.2 percent. Japan's Nikkei was flat. In
choppy trade, the Shanghai Composite Index was down 3.9 percent after diving
nearly 7 percent on Thursday, when investors dumped stocks after more brokers
tightened margin trading requirements and the central bank drained money to
reduce flush liquidity in the financial system.
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