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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares lower as strong data hit hopes for dovish Fed

Asia US Federal Reserve Wall Street United States Inflation Oil
Copyright 2022 The Associated Press. All rights reserved.

Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation.

Tokyo rose, Shanghai was flat and other regional markets declined. U.S. futures gained and oil prices also advanced.

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