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Stocks

Oil nation wealth funds seen unloading risky assets

The Nikkei Stock Average falls below 17,000.

TOKYO -- Sovereign wealth funds from oil-producing countries are suspected of selling off their risky assets, putting downward pressure on global stocks.

     These moves are likely the result of tumbling petroleum prices, which are believed to have caused budget shortfalls at those nations and heightened risk aversion at their investment funds.

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