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Market Update

Asian Stocks Drop on China, U.S. Cues

Asian markets were trading weak Wednesday, weighed down by overnight losses at Wall Street and disappointing Chinese services sector data.

At the time of writing, the Shanghai Composite dropped 1.3%, the Hang Seng lost 1.9% and the Sensex erased 1%. Australia's S&P/ASX All Ordinaries fell 1.9% while Japan's Nikkei was trading flat.