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Stocks Stall Out After Asia SelloffStocks were little-changed as investors remained cautious about the financial sector and oil prices dropped on a report that China plans to raise fuel prices. Asian markets tumbled, with Shanghai plunging 6.5% while Hong Kong and Tokyo both lost over 2%. (in the WS Journal at 10.42am)
Earlier: Stock indexes in Hong Kong, Tokyo, Taipei, Bangkok and a host of other markets fell 2% or more. The move was in part a reaction to the Dow Jones Industrial Average, which fell 1.08% overnight to close at 12029.06, the U.S.'s third consecutive decline and that index's lowest close since March 17.