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Asian stocks muted as M.East tensions offset China GDP cheer

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Asian stocks muted as M.East tensions offset China GDP cheer

Investing.com-- Most Asian stocks moved in a tight range on Wednesday as growing concerns over a spillover in the Israel-Hamas war dented risk appetite, largely offsetting positive data that showed China’s economy grew more than expected.

The move ratcheted up concerns that the Israel-Hamas conflict could spill over into the Middle East region. Concerns over such a scenario were the main weight on Asian stocks over the past two weeks.

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