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    Asian Markets Tumble Amid US Inflation Shock Wave | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

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Asian Markets Tumble Amid US Inflation Shock Wave

Asian markets stumbled as US inflation numbers exceeded expectations, leading to declines in stocks, weakened yen, and higher bond yields. Wall Street also experienced its worst day since March 2023. Overall sector-wide impact was negative, except for oil prices. Uncertainty remains as investors monitor economic indicators and central bank responses.

by Terry Bingman
Wed, Feb 14, 2024 7:08am
in Business
• 3 mins read
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Asian Markets Tumble Amid US Inflation Shock Wave | FinOracle

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Asian Markets Stumble as US Inflation Numbers Exceed Expectations

In a stark display of volatility, Asian stock markets experienced significant declines, spearheaded by Japan, as recent US inflation data came in higher than anticipated, casting a long shadow over global financial markets. The repercussions of this hotter-than-expected inflation report were immediately felt on Wall Street, leading to a substantial drop across major indices.

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