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Indonesia GDP Grows Most Since 2008, New Curbs Stem Recovery
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Indonesia GDP Expands Most Since 2008, But New Curbs to Weigh
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Bank of Thailand holds rate, cuts GDP forecast on Covid spike
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Asian markets drop on fresh inflation, virus worries
Issued on:
19/07/2021 - 05:30 Crude prices have dropped after top producers finally reached an agreement to lift output to meet improving demand Frederic J. BROWN AFP 4 min
Hong Kong (AFP)
Asian markets sank Monday following big losses on Wall Street as inflation worries and the spreading Delta virus variant fuel worries about the global recovery, while oil prices also sank after top producers reached a deal to hike output.
Hong Kong was the worst hit after the United States warned businesses about the growing risks of operating in the city as China tightens its grip, raising concerns about its future as a financial hub.