Asian shares, dollar slump on downbeat U.S. data

Investors braced for a rocky session in Asia on Tuesday, with equities and the dollar under pressure after disappointing U.S. manufacturing data cast a pall over Wall Street. Data showing manufacturing activity slowed sharply last month dealt a heavy blow to markets already nervous the U.S. Federal Reserve's decision to taper its asset purchases would lead to a capital flight out of emerging markets.

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