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Asian shares turn lower after China's yuan devaluation

Asian equity markets mostly erased early gains to end in negative territory on Tuesday, on the back of unexpected news that the People's Bank of China (PBOC) is implementing a one-time depreciation of nearly 2 percent to its currency. Earlier in the day, most stock indices in the region were up following a positive lead from Wall Street overnight. The Dow Jones Industrial Average (Dow Jones ...
Source: CNBC.com | By: See Kit Tang