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Japanese companies doing business in Southeast Asia dealt a blow

TOKYO -- Stocks of companies with considerable Southeast Asian operations were especially sluggish during Monday's trading in the Tokyo market.

     The share price of Nippon Paint Holdings, which does business in Malaysia and other places, is at a four-month low. Auto-related stocks such as Daihatsu Motor, which has a high share in Indonesia, have stumbled. Exports to the U.S. and China have weakened and observers fear that speculation of a U.S. interest rate hike will hurt Southeast Asian economies.

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