Asian Shares Extend Losses On Worries About US Fiscal Position

Asian stocks traded mostly lower on Thursday, adding to steep losses in the previous session as the dollar surged and Treasury yields spiked following a U.S. credit rating downgrade from Fitch and better-than-expected ADP employment data.

Gold held near three-week lows while oil prices were up slightly after settling down about 2 percent in the U.S. trading session overnight.

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by RTTNews Staff Writer

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