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Asia Markets: Nikkei dives under 20,000 as Asian markets sharply pull back

The wild ride for global stock markets continued Friday, with Asian equities declining following selling in the U.S. and Europe.

The drop in Asia reversed yesterday’s gains, which followed declines earlier in the week.

“Sentiment is really key at the moment,” said Gavin Parry, managing director of Parry International Trading in Hong Kong. Earlier in the week, markets were whipsawed when some central bankers indicated ultra-easy monetary policies would start to end sooner rather than later.

In Japan, the Nikkei NIK, -0.92% fell below 20,000 for the first time in two weeks. It was recently down 1.1% as the yen rebounded.

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