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International Business Times
International Business Times
Business
AFP News

Asian Traders Struggle After Wall St Losses As US Yields Spike

The dollar has rallied against its peers as traders scale back their rate cut expectations (Credit: AFP)

Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts.

With the US presidential election still seen as a coin toss less than two weeks out, there was plenty of uncertainty on trading floors, though observers said dealers were eyeing a win for Donald Trump and policies that could stoke inflation again.

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