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The Independent UK
The Independent UK
National
Joe McDonald

Asian stocks sink on German inflation, British tax cuts

Liz Truss Inflation Asia Tax Cuts ING United States Caixin
Copyright 2022 The Associated Press. All rights reserved.

Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese factory activity weakened.

Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower.

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