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Asian shares are set to slide to near their 2011 troughs on Monday following weak US economic data and falls in oil prices that showed no sign of abating, stoking further worries about a global economic downturn.
The Nikkei futures' Friday close suggests Japan's Nikkei is likely to fall more than two percent, below its September trough to one-year lows while Australian shares on Monday fell 1.7 percent.
Asian shares are set to slide to near their 2011 troughs on Monday following weak US economic data and falls in oil prices that showed no sign of abating, stoking further worries about a global economic downturn. The Nikkei futures' Friday close suggests Japan's Nikkei is likely to fall more than two percent, below its September trough to one-year lows while Australian shares on Monday fell 1.7 percent.
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