* Nikkei drops to 16-mth low on no relief from strong yen Submit your comment Asian stocks fell on Wednesday, as investors moved out of risky sectors after a spate of worrying US economic data, while the yen retreated from 15-year highs on views Tokyo may take steps to cap the currency's strength. European stocks opened slightly lower, extending the previous session's sharp losses on mounting economic fears and after Standard & Poor's cut Ireland's credit ratings. Even if Japan's...
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