Asian shares tumble as Chinese government erases hopes for large stimulus

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Source: Marketwatch
Asian shares fell on Wednesday as China's policy makers announced the government won't implement a large scale monetary stimulus. Japan's Nikkei Stock Average lost 0.3%, Shanghai Composite index declined 0.2% and South Korea's Kospi gave up 0.3%. Hong Kong's Hang Seng index plunged 1.9% and Australia's S&P/ASX 200 deteriorated 0.5%.  
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