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With just hours left before the U.S. hits the "fiscal cliff," stocks on the other side of the world wilted as investors sold off riskier assets to lock in profits just in case budget negotiations fail in Washington.

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LYNCEAN HOLDINGS

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Local share prices succumbed to profit taking yesterday as investors cashed in on gains from the market’s recent run-up, bucking the uptrend in other Asian bourses.

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                    [Title] => Asian stocks muted amid mixed data, high oil price
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Asian stocks markets mostly posted tentative gains Friday following a mixed bag of U.S. and European economic reports and as oil prices rose to a new nine-month high.
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abtest

Asia stocks wilt hours before US fiscal cliff hits

December 31, 2012 - 1:42pm

With just hours left before the U.S. hits the "fiscal cliff," stocks on the other side of the world wilted as investors...

World

Stock market rally cut short by profit taking

By By AP | November 8, 2012 - 12:00am

Local share prices succumbed to profit taking yesterday as investors cashed in on gains from the market’s recent run-up, bucking the uptrend in other Asian bourses.

Business

Asia stocks rise on expectations of China easing

September 3, 2012 - 11:37am

Asian stock markets rose Monday after a contraction in China's manufacturing boosted expectations of more stimulus for the world's second-biggest economy.

Asian stocks muted amid mixed data, high oil price

February 24, 2012 - 1:16pm

Asian stocks markets mostly posted tentative gains Friday following a mixed bag of U.S. and European economic reports and as oil prices rose to a new nine-month high.