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Asia Stocks Post First Yearly Loss Since '08 on Debt, Tightening
BusinessWeek 31 (Bloomberg) — Asian stocks posted their first annual decline in three years as sovereign-debt concerns in Europe and the US further cut into an earnings outlook eroded by China's efforts to fight inflation and Japan's record quake. … China gold move will cut risk, not appetite Grim year for world markets Asia: Nikkei edges higher, closes year with 17% loss |