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              Asian Markets Continue to Fall on Oil Glut Concerns

   by VOA News

   Asia's key Hang Seng index fell 1.5 percent Monday, closing the day at
   its lowest point in more than three years.

   Investors in the Hong Kong market responded to oil prices dropping to
   their lowest since 2003 on Monday, and deep market losses in the United
   States on Friday.

   The price of a barrel of crude fell below $28 at one point Monday after
   sanctions were dropped against OPEC member Iran. Tehran can now export
   crude in a market already experiencing an oil glut.

   Other Asian markets also showed losses, led by Tokyo's key Nikkei index
   dropping 1.1 percent.
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   [1]http://www.voanews.com/content/asian-markets-continue-to-fall-on-oil
   -glut-concerns/3150783.html

References

   1. http://www.voanews.com/content/asian-markets-continue-to-fall-on-oil-glut-concerns/3150783.html