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Hong Kong shares tumble 3% as Asia-Pacific markets lose direction

  • Asia-Pacific equity benchmarks struggled for direction on Friday.
  • Hong Kong shares tumbled 3% as investors awaited a pivotal U.S. employment report.
  • Markets faced bond volatility and a widening military buildup in the Gulf.

Asia-Pacific equity benchmarks struggled for direction on Friday, while Hong Kong shares fell 3% as investors prepared for a pivotal U.S. employment report. Markets were also dealing with the sharpest bond-market volatility in decades and an expanding military buildup in the Gulf.

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