Asian shares plummet as global economic growth woes remain

Asian shares recorded its longest losing run in nearly five months as it declined for seventh consecutive days on escalating global economic growth anxieties. The MSCI Asia Pacific Index closed at 405.69, down 0.4%. The Shanghai Composite Index lost 0.2%. The Hang Seng China Enterprises Index lost 1.2%. Hong Kong's Hang Seng Index slipped 0.8%. Taiwan's Taiex index tumbled 0.5%. Global stock markets have hit its lowest troughs in nearly a month despite worries over disappointing corporate earnings and dim labor and manufacturing data. Meanwhile, China's measure services data will be released Thursday.

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