Asian Stocks Fall on US Inflation and Geopolitical Tension
Asian markets fell Wednesday as hot U.S. inflation and Middle East tensions weighed on sentiment. Samsung shares slid amid strike threats and rate hike fears.
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Asian equities fell as the MSCI Asia-Pacific index dropped 0.6% following data showing accelerated inflation in the United States. The decline follows a 0.2% drop in the S&P 500 overnight after consumer prices rose at their fastest pace in three years. Investors are now pricing in a 35% chance of a Federal Reserve rate hike by December as sticky prices persist.
