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Weak manufacturing data from the U.S. also raised recession fears, sending markets there to its worst day since Aug. 5 .
South Korea's Kospi led losses in Asia , plunging 2.43% on its open, as well as the small cap Kosdaq , which saw a 2.67% loss.
Japan 's Nikkei 225 was down 2.61% while Australia 's S&P/ASX 200 lost 0.91% .
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