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Published on Wednesday, August 21, 2013

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Asia Flash | 22 Aug 2013: Strong China flash PMI ends doubts of growth stabilization; Shanghai Free Trade Pilot Zone receives official approval; Malaysia’s central bank revises down 2013 growth forecast

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Summary

Not even an unexpectedly robust data release from China today could arrest the QE-tapering sell-off in Asian markets. Stock market losses were led by the Philippines.

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