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Asian stocks see bloodbath amid China, Greece fears

Concerns over China's relentless sell-off and Greece's debt crisis sent Asian equity markets into a tailspin on Wednesday.
Source: CNBC.com | By: See Kit Tang
GLOBAL MARKETS-Turmoil in China markets roils Asia, yen rallies

TOKYO, July 8- Asian shares tumbled to a 1 1/ 2- year low on Wednesday and the safe-haven yen rallied as Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece's debt crisis. Financial spreadbetters predicted Britain's FTSE 100 would open up 0.7 percent, Germany's DAX was seen gaining 1.3 percent, and France's CAC 40 was...
Source: Reuters | By: Lisa Twaronite
COLUMN-Miners paint rosy iron ore picture by skirting tough issues: Russell

--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 8- Australia's major iron ore miners have had a torrid year so far, battling low prices, engaging in an ugly slanging match with each other and dealing with persistent questions about the wisdom of their expansion strategies. The Minerals Council of Australia's report, entitled "Iron Ore: The Bigger...
Source: Reuters
UPDATE 4-Oil prices fall as China share crisis worsens, traders hedge for further drops

*HSBC cuts Asian growth forecast, says export weakness to last. SINGAPORE, July 8- Oil futures fell again on Wednesday as worries over the Greek debt crisis and China's stock market turmoil outweighed an expected U.S. inventory drop, with traders anticipating further drops. China's stocks tanked further on Wednesday in a deepening crisis in which China's...
Source: Reuters | By: Henning Gloystein
China stocks slump again, more companies halt trading; Hong Kong also hit

*Nearly half of China- listed companies have halted trading. SHANGHAI, July 8- China stocks tumbled to four-month lows on Wednesday morning as investors dumped both small and big caps, defying government attempts to stabilize the market, while nearly half of Chinese listed companies have halted trading to insulate themselves from the meltdown.
Source: Reuters
UPDATE 1-China fund turns to HK to sell $816 mln Haitong Sec stake

*Haitong shares suspended in Hong Kong. HONG KONG, July 8- A Chinese state-backed investment firm sold its stake in China's fourth-largest broker Haitong Securities in Hong Kong on Wednesday in a sign that Beijing's bid to arrest a sell-off in mainland stocks is pushing investors to the island's market to raise capital. "Hong Kong is coming under pressure as the...
Source: Reuters | By: Fiona Lau and Saikat Chatterjee
GLOBAL MARKETS-Asian shares plunge on China rout, yen rallies

The drop in China extended a savage correction that has clipped 30 percent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy despite a slew of market support steps from Beijing. MSCI's broadest index of Asia-Pacific shares outside Japan wallowed at its lowest level since February 2014, extending its early...
Source: Reuters | By: Lisa Twaronite
PRECIOUS-Gold struggles near 4-month low on lack of safe-haven bids

*Gold extends losses after 1 pct overnight drop. SINGAPORE, July 8- Gold extended losses to trade near its lowest since March on Wednesday as its allure as a safe-haven asset took a hit despite the Greek debt crisis and the tumble in Chinese stock markets. "Gold remains aloof from any safe-haven buying that may be inspired by the ongoing Greek situation," said HSBC...
Source: Reuters | By: A. Ananthalakshmi
Gold struggles on lack of safe-haven bids

Gold extended losses to trade near its lowest since March on Wednesday as its allure as a safe-haven asset took a hit despite the Greek debt crisis and the tumble in Chinese stock markets.
Source: Reuters
FOREX-Dollar and yen lifted, euro hands back gains as Asian stocks slide

TOKYO/ SYDNEY, July 8- The dollar and yen gained on Wednesday with investors seeking the perceived safety of these currencies as Asian equities, notably volatile Chinese shares, fell across the board and hurt risk appetite. The common currency had received some reprieve overnight to poke above $1.10 after euro zone members gave Athens until the end of the week to...
Source: Reuters | By: Shinichi Saoshiro and Ian Chua