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The Independent UK

National

Joe McDonald

Asian stocks fall after US inflation feeds rate hike fears

Inflation United States US Federal Reserve Clifford Bennett

Copyright 2023 The Associated Press. All rights reserved.

Asian stock markets fell Wednesday after U.S. inflation edged down less than expected, fueling concern the Federal Reserve might think more interest rate hikes are needed.

Tokyo, Shanghai, Hong Kong and Sydney declined. Oil prices retreated.

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