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Tuesday, 08 March 2016 - 9:01
Asian markets sag despite oil rally
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Several markets across Asia were down in early trade today, despite an oil price rise overnight and a positive lead from Wall Street.

Brent crude rose above 40 a barrels for the first time this year.

The price of iron ore also shot up, rising almost 20%, due in part to a surge in demand for the metal from China's refineries.

A stronger yen against the dollar was weighing on investor sentiment and hurting some of Japan's big exporters.

 

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