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Asian stocks at lowest in two years, euro near par with dollar on growth fears

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Reuters UK

By Xie Yu HONG KONG (Reuters) – Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8% to its lowest level in two years, while Japan’s Nikkei lost 1.75%. The euro fell as low as $1.0006 against the U.S. dollar, moving ever closer to parity for the first time since December 2002, as investors worry an energy crisis will tip the region…

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