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July, 1, 2016

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Business > Asia > Asian Market
Leaders of Turkmenistan, Afghanistan, Pakistan and India during a ceremony in the Turkmen desert broke ground Sunday on a major pipeline that could help ease energy deficits in South Asia.
 
Most Asia markets sank again Friday at the end of a painful week for global equities defined by an oil rout that analysts warn could continue for some time.
 
A sense of unease spread across Asian stock exchanges Thursday with investors spooked by the sharp sell-off in oil sending regional markets lower.
 
The East Asia Pacific region is aging at a faster rate than any other place in history, the World Bank warned Wednesday, a demographic shift likely to cramp public services and economic growth.
 
Asian markets tumbled Friday, in line with a global sell-off, while the euro held most of its earlier gains after the European Central Bank's revised economic stimulus measures came up short.
 
European shares rose and the euro weakened Thursday ahead of an expected ECB decision to increase stimulus. Asian markets mostly fell after the U.S. Federal Reserve chief indicated the central bank is on track for an interest rate hike this month.
 
World stock markets were mostly higher after improved Japanese data and as IMF inclusion of the yuan in its basket of major currencies raised confidence in China's progress toward financial liberalization.
 
Mainland China's stock markets were hit by another wave of volatility Monday after suffering their heaviest losses since the summer rout, while most other Asian markets started an eventful week on the defensive.
 
A plunge in mainland Chinese stocks dragged Asian markets down Friday after authorities launched a probe into several brokerages and profits at the country's industrial giants sank far more than expected.
 
Asian stock markets retreated Wednesday, with airlines taking a hit as dealers fret over increased geopolitical tensions following the downing of a Russian jet by Turkey.
 
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