Asian shares lacked direction on Wednesday as investors worried about China’s growth outlook and digested Chairman Bernanke’s congressional testimony. The IMF warned that China’s economic growth would fall short off its +7.75% forecast this year. Meanwhile, data showed that the increase in the country’s home price moderated for a 3rd consecutive month in June.
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Asian Markets Struggled on Concerns over Chinese Growth, Speculations after Bernanke’s Testimony
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