Economic news

Review: Asian stocks extend global drop

Asian shares continue to fall on Friday amid rising political tensions between U.S. and North Korea.

MSCI's broadest index of Asia-Pacific shares slumped 1.55 percent. It is set for a 2.5 percent weekly fall.

South Korea's KOSPI tumbled 1.8 percent and Australian shares lost 1.3 percent.

The Hang Seng Index dropped 1.8 percent. Stock benchmarks Shanghai were more than 1.5% lower.

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