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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares extend losses as the war with Iran widens and oil surges higher

Japan Financial Markets - (ASSOCIATED PRESS)

Asian shares fell further on Wednesday after the global sell-off for stocks hit Wall Street, while oil prices climbed even higher.

Worries over the widening war with Iran have hammered most world markets. Higher oil prices and how much they might worsen inflation are among the central fears for investors. More spikes for oil prices may grind down the global economy and sap corporate profits.

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