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Asian shares fall, Shanghai slumps as G20 disappoints

Chinese shares closed down 2.86% on February 29, 2016, after falling as much as 4.63% during the dayAsian stocks broadly fell on Monday, with Shanghai ending at a month-low and Tokyo diving into the red after a G20 meeting failed to ease concerns about stalling global growth. Chinese shares closed down 2.86 percent, after falling as much as 4.63 percent during the day, as traders remained unconvinced the G20 had promised enough to revive the world economy. The weakening yuan also hit sentiment after China’s central bank set it at a four-week low — even after its chief said there was “no basis” for the currency to keep falling.

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