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Asia markets fall amid trade threats, tepid US earnings

Asian markets fell on Thursday (July 18), hit by concerns about the uncertain global economic outlook, the China-US trade war and tepid corporate earnings reports.

With an expected Federal Reserve interest rate cut already priced in, having fuelled a healthy rally, and few other catalysts to drive buying, analysts said investors are also cashing out.

The losses in Asia followed a negative lead from Wall Street, where big-name firms including Caterpillar and United Technology sank on weak corporate reports.

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