Asian shares drop after China producer prices prolonged decline

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Source: Bloomberg
Asian shares retreated as China's producer prices prolonged the longest streak of losses since Asia's financial crisis. The MSCI Asia Pacific Index slid 0.7% to 138.88 at 9:53 p.m. Tokyo time; however, the equity-benchmark rose 1% on Wednesday, the biggest climb since November 18. Japan's Topix index slipped 0.7%, while the Hong Kong's Hang Seng Index dropped 0.9%.
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