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Asian Stocks Lower As Biden Exits 2024 Race, Tech Outage

The New York Stock Exchange is shown on July 16, 2024, in New York. Shares have fallen in Asia on Friday, July 19, 2024, after a broad washout across Wall Street dragged U.S. stocks lower. (AP

Asian stocks experienced a mixed performance on Monday following President Joe Biden's decision to exit the 2024 presidential race. The week began on a downbeat note after Wall Street recorded losses on Friday due to disruptions caused by a massive technology outage affecting businesses worldwide.

U.S. futures remained relatively stable, while oil prices saw a slight increase. Biden's announcement of his withdrawal from the race and endorsement of Vice President Kamala Harris added to uncertainties surrounding the world's largest economy.

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