01-09-2015 09:22 via news.yahoo.com

Asia stocks extend losses after weak China data, Tokyo slumps

Asian stocks sank on Tuesday after more data showed weakness in China's economy, while gold and the yen advanced amid a search for safer assets, sending Tokyo tumbling almost four percent. Traders are also watching the release Friday of a US jobs report, which could play a key role in the Federal Reserve's decision whether to raise interest rates this month, adding to market uncertainty. There are fears a rate rise would further jolt confidence in the global economy, which has already been rocke
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