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The Independent UK
The Independent UK
National
Via AP news wire

Asian shares slip after rate jitters pull Wall Street lower

Copyright 2022 The Associated Press. All rights reserved

Shares were mostly lower in Asia on Friday, with only Shanghai gaining after the government reported inflation stayed steady at just over 2% in May, allowing more leeway for policies to boost sluggish growth.

Tokyo's Nikkei 225 index lost 1.5% to 27,824.29 while the Kospi in Seoul shed 1.1% to 2,595.87. In Australia, the S&P/ASX 200 declined 1.3% to 6,932.00. Hong Kong's Hang Seng slipped 0.3%, shedding early gains, to 21,801.16.

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