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Shares in Asia weaker as focus sharpens on U.S. jobs data, Fed

Asian shares drop as focus on U.S. sharpens - Asian shares fell on Monday as investors adopted a caution tone with focus sharpening on U.S. data and the Fed.

The Nikkei 225 fell 1.96% and the Shanghai Composited drooped 2.61%. In Australia, the S&P/ASX 200 fell 1.52%.

In Asia, Japan said industrial output fell 0.6% in July, missing expectations as exports eased. Elsewhere, Australia said private sector credit rose 0.6%, better than expected, but business inventories in the second quarter came in flat, below a gain seen.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.32%...