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|Asia stocks stumble on geopolitical tensions, oil stands tall|
By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks were on edge on Wednesday as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices extended gains. MSCI's index of Asia-Pacific stocks outside of Japan edged up 0.1 percent but shares in Hong Kong , Australia and South Korea slipped. Japan's Nikkei shed 0.4 percent.
|Exclusive: Shire prepares to make new bid for Baxalta - source|
ZURICH/LONDON (Reuters) - Drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta that if successful will create one of the world's leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday. Shire's bid preparations come three weeks after it announced its $5.9 billion purchase of U.S. rare disease specialist Dyax Corp . Shire is working with Morgan Stanley , Evercore and Deutsche Bank on the offer which could be structured in cash and shares, the source said, cautioning that no deal was certain and negotiations could still fall through.