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The Independent UK
The Independent UK
National
Via AP news wire

Asian stocks up after US inflation fuels rate hike fears

Inflation United States Economic Growth US Federal Reserve
Copyright 2022 The Associated Press. All rights reserved.

Asian stock markets rose Thursday after higher U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth.

Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street futures edged lower. Oil prices advanced.

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