CORRECTION - Asia stocks fall as stagflation menaces

By Kevin Plumberg HONG KONG (Reuters) - Asian stocks fell on Thursday, with Japanese stocks posting their longest losing streak in a half century, on heightened fears that record high oil and stagflation will continue to damage company earnings and consumer spending. Major European equity markets were expected to open between 0.6 percent to 1 percent lower ahead of a policy decision from the European Central Bank and the June U.S. employment report. Japan's Nikkei share index continued its slow bleed for the 11th consecutive day, the longest series of declines since 1954, after the Dow Jones industrial average sank into bear market territory overnight, closing more than 20 percent below its October peak. The dollar was within striking distance of a two-month low against the euro after a report on Wednesday showed U.S. private... [read full story]                    

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