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International Business Times
International Business Times
Business

Asian Markets Drop As US Data, New Tariff Threats Dent Sentiment

US President Donald Trump announced fresh tariffs Thursday, targetting pharmaceuticals, big trucks and furniture (Credit: AFP)

Markets retreated Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world's biggest economy faring much better than expected and fresh tariff warnings from President Donald Trump.

Asian investors looked set to end a largely disappointing week on a negative note following the third loss in a row for Wall Street, with concerns that stocks are overvalued after a lengthy rally adding to the mix.

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