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Asia markets broadly recover following extended rout on Wall Street

Eustance Huang

Overnight on Wall Street, stocks continued to slip for the second straight day, with the Dow Jones Industrial Average falling by more than 500 points and the S&P 500 closing below its 200-day moving average. U.S. President Donald Trump attributed the stock plunge stateside to the Federal Reserve and interest rates. Asia stocks saw a broad recovery on Friday following another tumble on Wall Street overnight, with the Dow Jones Industrial Average dropping by more than 500 points.