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Published on Sunday, June 23, 2013

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Asia Flash | 24 Jun 2013: big sell-off in China stock market; PBoC's statement on cash squeeze; China and UK sign swap line; Indonesia increases fuel price; India addresses coal shortage

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Summary

China’s stock markets declined sharply today on renewed concern about the ongoing squeeze in the interbank market and its impact on smaller banks. Other Asian markets fell in tandem.

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