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The Independent UK
The Independent UK
National
Yuri Kageyama

Asian shares extend losses as US banking worries persist

Copyright 2023 The Associated Press. All rights reserved

Asian shares declined Tuesday, with heavy selling of banks shares in Tokyo and some other markets, as investors around the world watched to see what's next following the second- and third-largest bank failures in U.S. history.

Direct exposure to the risks from the U.S. failures in Asia seemed slim, at least so far. Still, fears of contagion persisted, sending regional benchmarks lower across the region.

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