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Stocks

Crude slump hits Saudi-fund-linked stocks

TOKYO -- Saudi Arabian oil money appears to be ebbing out of global assets, including Japanese equities, amid a bear market for the kingdom's top export.

     J.P. Morgan estimates $100 billion in net selling of Saudi sovereign wealth investments so far in 2015, compared with $270 billion in net buying last year. Talk of trouble among presumed Saudi wealth fund holdings became more frequent among market watchers in late August.

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