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Asian stocks shrug off Wall St weakness but growth concerns remain

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By Kanupriya Kapoor (Reuters) – Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.35%, Australian shares were up 0.33%, and Seoul and Taiwan both ticked upwards 0.61% and 0.2%. Hong Kong’s, Shanghai’s and China’s CSI300 indexes opened marginally higher while Japan’s Nikkei share average was down 0.18%. On Wall Street, the Nasdaq Composite dropped 2.35% and the S&P 500 lost 0.81% as worries returned over surging global inflatio…

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