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International Business Times

Business

Asian Markets Turn Lower As Trade War Rally Fades

Donald Trump Jerome Powell United States US Federal Reserve

The markets rally ran out of juice as investors headed into the weekend (Credit: AFP)

Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

With Japan's trade deal with Washington out of the way for now, attention was also turning to European Union attempts to reach an agreement to pare down Donald Trump's threatened tariffs before next Friday's deadline.

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