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Stock Selloff Extends to Asia as Chip Rout Deepens: Markets Wrap
In simple terms
Asian stocks declined, tracking a tech-led selloff on Wall Street after hotter-than-expected US inflation fueled bets on more aggressive rate hikes by the Federal Reserve.
The News
Asian stocks fell following a technology-led selloff on Wall Street. The decline came after US inflation data exceeded expectations, leading investors to anticipate further Federal Reserve interest rate increases. The selloff also deepened in chip stocks. The moves highlight market sensitivity to…
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