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Clients rush to avert disaster in face of Asia market turmoil

Private banks are today busy “handholding” high net worth clients, who are scrambling to turn down positions with Asian stock exchanges hitting multi-year lows and dropping as much as 9%.  Asian stocks extended declines on Monday as fears surrounding the health of China’s economy deepen. The Shanghai Composite shed as much as 8.5% in afternoon trading, while the Shenzhen Composite also…

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