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TOKYO (AP) — Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy.

Renewed jitters over the trade war between the U.S. and China were weighing on sentiment, pulling shares slightly lower on Wall Street, where benchmarks fell for the first time in six days.

Japan's Nikkei 225 index lost 0.2% to 21,154.28 and the Kospi in Seoul shed 0.2% to 2,1087.60.Read more on NewsOK.com

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Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot.

Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk.

But around the middle of December, investors started having doubts about the former Wall Street darling's prospects for continued growth, and the stock started a gyrating fall that was among the worst in company history.

For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles, which range in price from a base $35,400 Model 3 to a larger Model X SUV that can run well over $130,000.

Morgan Stanley analyst Adam Jonas, on a private call with investors this week, raised the possibility that Tesla would have to be restructured due to rising debt and falling sales. Read more on NewsOK.com

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BEIJING (AP) — Most global stock markets followed Wall Street higher Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible.

Benchmarks in London, Shanghai and Tokyo advanced as investors tried to figure out the costs of U.S. and Chinese tariff hikes on hundreds of billions of dollars of each other's goods.

Trump said on Twitter the conflict over Beijing's technology ambitions and trade surplus was a "little squabble" between friends.Read more on NewsOK.com

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50,000 Wall Street jobs cut

Sunday, 18 January 2015 by

There’s blood on the Street. In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense…

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U.S. FBI agents on Wednesday raided the offices of Med-Care Diabetic & Medical Supplies Inc, a Florida medical device company whose executive vice president helped inspire the movie “The Wolf…

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Wall Street wants McDonald’s to be more like Shake Shack, which has filed for an I.P.O., but the burger chains are not the same and serve different types of customers.

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The Santa rally is real. A resurgent American economy helped propel stocks to record highs on Tuesday, with the Dow crossing the 18,000 milestone for the first time. Wall Street…

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New documents raise troubling issues about the government’s actions in the 2008 bailout of A.I.G. | The chairman of Ocwen Financial will step down as part of a legal settlement, according to a report. | Wall Street scored its latest victory against financial regulation. | Why we need an insider trading statute.

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PetSmart agrees to sell itself to a group led by BC Partners. | Wall Street wins a round in the Dodd-Frank fight. | Fines fail to alter banks’ bad behavior. | A tiny Kansas town is in banking’s fast lane.

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Short sellers are back with a vengeance. The five-year bull market has inflicted nothing but pain on short sellers as many of the stocks they bet against just kept soaring….

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