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Market Update

Asian Stocks Finish Down; Sensex Tanks 4%

Asian markets all dipped into the red, following a weak lead from Wall Street overnight after mixed economic data and some disappointing corporate earnings in the U.S. dented sentiment.

Investors seemed to be worried about a possible early exit of the Federal Reserve's monetary stimulus program. Recent data showing positive U.S. jobs claims data and rising consumer prices stoked speculations the Fed would start scaling back its monthly bond-purchase program as early as next month.