Asian stocks fall on nagging Fed rate hike worries

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Reuters UK

By Sam Byford (Reuters) – Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation despite softer numbers earlier this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.10%, and Australia’s AXJO was down 0.62%. Japan’s Nikkei was the major outlier, surging 2.37% to its highest level since January as markets reopened following a national holiday. The yen fell 1.24% and was trading at 133.39 to the dollar. The slight easing of infl…

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