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Asian equity markets continued their downward path from last week....
To summarize, as of late mid-afternoon Friday local time in Tokyo, the MSCI Asia Pacific Index had lost 3.2% on the week to 122.03 for a full loss of 10.8% over the last fortnight. Short-term indicators are steadily poor and not quite technically overbought. The analogous euro-denominated FTSE index shows similar technical features, including slightly improving if still thoroughly discouraging momentum.
