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Asia stocks tumble as stagflation hits outlook

HONG KONG (Reuters) – Asian stocks fell on Wednesday, with Japan recording its worst losing streak in 43 years, as climbing oil and food prices exacerbated stagflation fears, increasing the risk investors will capitulate and knock the market even lower.

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Russian helicopter crash kills nine

MOSCOW (Reuters) – Nine people were killed on Wednesday when a helicopter crashed in Russia’s far north, Russia’s Emergencies Ministry said. “The helicopter crashed as it was coming into land and nine people were killed,” said a spokesman.

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