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Asian Stocks Close Lower
Updated from 12:06 a.m. EST
Stocks in Asia closed lower Monday as a jump in U.S. unemployment intensified concerns the global economy is facing a prolonged slump.
The Hang Seng index in Hong Kong finished down by 2.8%, while the Kospi index in South Korea fell 2.1%.
South Korea's largest automaker, Hyundai Motor, said it plans to slash production between 25% and 30% at its domestic plants during the first quarter amid falling global demand for vehicles. ...
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