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Asia-Pacific markets largely fell on Tuesday
03:27
Asia Pacific
Asia-Pacific markets largely fell on Tuesday
Asia-Pacific markets largely fell on Tuesday, tracking losses on Wall Street overnight, while investors assessed industrial profit data out of China. China's industrial profits from January to July climbed 3.6-percent year on year to 575-billion dollars, with profits in July jumping 4.1-percent. The latest figures come as Beijing continues efforts to help a fragile recovery amid weak domestic demand, disinflation risks, and prolonged property weakness. The high-tech manufacturing sector, including the making of lithium-ion batteries and semiconductors and related equipment, led the profit growth with a 12.8% rise during the period.
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