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Asia Pacific stocks were mostly down Thursday morning, with U.S. counterparts extending losses. Investors continue to digest the latest U.S. Federal Reserve policy decision that indicated a pickup in the expected pace of its asset tapering. Japan’s Nikkei 225 slid 1.14% by 10:11 PM ET (2:11 AM GMT) and South Korea’s KOSPI fell 0.75%. In Australia, the ASX 200 was down 0.30%. Employment data for May released earlier in the day was better than expected, with the employment change at 115,200 while the unemployment rate fell to 5.1%. Hong Kong’s Hang Seng Index inched down 0.05%. China’s Shanghai Composite was down 0.21% while the Shenzhen Component was up 0.63%. Economic data released on Wednesday said that industrial production grew a worse-than-expected 8.8% year-on-year in May while the unemployment rate was 5.2%. The benchmark 10-year Treasury yields jumped eight basis points, while five- and seven-year equivalents rose even more as investors…

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