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Morning Markets Wrap: Chinese stocks down amid stimulus worry as dollar makes gains

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Market pessimism around Chinese equities ‘probably at a level of extreme,' investment expert warns

Chinese stocks declined at close of business local time on Tuesday, a sign that traders are increasingly pricing in the lack of major stimulus from the government

amid a slump in the economy.Shares in Hong Kong and mainland China were the worst performers in the region, forcing a volume of Asian shares into a third day of losses.

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