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Asian stocks fall as global growth concerns mount

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China’s services activity expanded at its slowest rate in eight months in August, indicating weak demand.

Shares in Europe and the US fell on Tuesday over concerns about weak global growth and potential interest rate hikes.

Manufacturing data from Germany, Britain and the euro area also showed declines, while their service sectors fell into contraction. “The Chinese government has become more active and is relaxing more regulation but whether it is good enough remains to be seen,” he added.

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