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International Business Times
International Business Times
World

Asian Markets Mixed After Wall St Hit By US Inflation Fears

A strong US jobs market is helping to put pressure on the Federal Reserve to keep interest rates on hold (Credit: AFP)

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street that was sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts.

With inflation worries already elevated owing to Donald Trump's pledges to slash taxes, regulations and immigration when he returns to the White House, the latest readings added to uncertainty on trading floors.

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