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Asian stocks erase gains, yen hits 40-year low
The MSCI Asia Pacific Index fell 0.2%, giving up gains of as much as 0.6%, as chipmakers such as Samsung Electronics Co. and SK Hynix Inc. declined. The Kospi Index, the world’s best-performing major gauge this year, dropped 0.9%. US equity-index futures fell as much as 0.4%.
The MSCI Asia Pacific Index fell 0.2%, giving up gains of as much as 0.6%, as chipmakers such as Samsung Electronics Co. and SK Hynix Inc. declined. The Kospi Index, the world’s best-performing major gauge this year, dropped 0.9%. US equity-index futures fell as much as 0.4%.
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