31-08-2015 04:54 via news.yahoo.com

Asian stocks set for worst monthly drop in three years on global rout

By Saikat Chatterjee HONG KONG (Reuters) - Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble. Global markets are bracing for Chinese data on Tuesday which is expected to show the world's second-largest economy is continuing to lose momentum. A Reuters poll showed China's official factory sector activity likely fell
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