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Australia, NZ dollars brace for volatility as rate risk looms

SYDNEY: The Australian and New Zealand dollars flatlined on Tuesday as investors braced for major event risks in both countries that will set the outlook for interest rates in coming months. The Aussie idled at $0.7020, having eased 0.2% overnight after faltering at $0.7040 resistance. Support lies around $0.7005 and $0.6895.

China, Hong Kong stocks edge lower as tech shares extend slide

HONG KONG: China and Hong Kong stocks inched lower on Tuesday, giving up opening gains as tech shares resumed their decline, while faster industrial profits growth failed to lift sediment. By the midday break, the Shanghai Composite index was down 0.1% at 3,692.58 points. The blue-chip CSI300 index was also down 0.1%.

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