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Asia Markets: Asian markets fall on dollar’s weakness

Asian shares were broadly weaker Tuesday, with Chinese stocks stabilizing after Monday’s slump and Japanese stocks falling in reaction to the dollar’s weakness.

Tokyo investors returned from their Monday holiday and sold shares in reaction to the slide in the dollar on Friday after disappointing U.S. economic data added to skepticism about more Federal Reserve rate increases this year.

The dollar has continued to weaken with the euro getting above $1.15 for the first time in 14 months in Asian trading.

The Nikkei NIK, -0.58% fell 0.9% to below the psychologically-important 20,000 level as the dollar JPYUSD, +0.471016% slid to ¥112.20 Tuesday morning, from ¥112.63 in late New York trading on Monday.

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