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Magnitude 7.4 earthquake hits off Papua New Guinea [VIDEO]

A large magnitude 7.4 earthquake struck on Tuesday around 150 km (93 miles) south of the town of Rabaul in Papua New Guinea, the U.S. Geological Survey said, setting off a tsunami warning within 300 km of the epicenter.

The Pacific Tsunami Warning Centre issued the warning but said that a destructive Pacific-wide tsunami reaching as far as Hawaii was not expected.

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