Asian Equities Sharply Lower after U.S. Lead

Asian shares suffered heavy losses early Thursday, following a volatile trading session on Wall Street overnight amid worries over global growth and the spread of Ebola.

U.S. stocks closed lower on Wednesday, but retraced some lost ground in late trading from historic intraday losses, as disappointing economic data fueled growth fears, which were compounded by the spread of Ebola after a second case was reported in the U.S.

The Dow Jones Industrial Average closed down 1 percent. The S&P 500 and the tech-heavy Nasdaq ended down 0.8 percent and 0.3 percent, respectively.


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