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Asian shares resume slide on fears over Chinese economy

© Reuters. A man walks past an electronic board displaying various Asian countries' stock price index outside a brokerage in Tokyo

By Hideyuki Sano

TOKYO (Reuters) - Asian stocks looked vulnerable to another sell-off on Tuesday, with investors gripped by fears of a hard landing for the Chinese economy, the world's most important growth engine.

Japan's Nikkei (N225) index fell 3.8 percent to six-month lows while the MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) hit fresh three-year lows.

Underlining concerns about China, Japanese Finance Minister Taro Aso said on Tuesday he hoped China would take action to stabilize its economy and that Tokyo had no plan for now to unveil its own new economic stimulus package.

MSCI's all country world index <.MIWD0000PUS> fell 3.8 percent on Monday to a 10 1/2-month low, its biggest fall in almost four years. It has lost 9.2 percent over five days.

Leading the losses were Chinese shares (SSEC), which...