Asian Stocks Down Following Wall Street Sell-Off
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Asian markets were mostly down Friday, continuing a global sell-off that began a day earlier when U.S. stocks had their worst one-day drop since February.
The Dow Jones Industrial Average tumbled 1.9 percent Thursday, erasing all its gains for the year. The S&P 500 and Nasdaq composite also fell about two percent.
Many analysts also said the market was simply due for a correction, noting that stocks had become too expensive.
Investors will be watching closely later Friday when the U.S. releases its monthly jobs report. Economists predict the country with the world's largest economy added around 225,000 jobs in July.
If that prediction is accurate, it would be the sixth straight month of gains above 200,000 jobs. That would be the longest such stretch since 1997.
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