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Asian and Pacific markets following USA market and are in negative territory Thursday as investors came to terms with the likelihood that a long and deep recession is on the horizon.
Japan's Nikkei average was off 4.4 percent Thursday, while the KOSPI index in Seoul was down 5.4 percent.
In Australia, the All Ordinaries lost 4.3 percent and Hong Kong's Hang Seng index slipped. 5.5 percent.
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