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Asian Stocks Fall on Inflation Concerns and Yen Slump

2024-06-27 02:56:06.405000

Most Asian stocks fell on Thursday as concerns about inflation and a weakening yen weighed on investor sentiment. The yen's slide past 160-per-dollar had investors bracing for Japan to potentially intervene and stabilize the currency. Inflation concerns have been impacting markets worldwide, driving up bond yields and causing Asian shares to decline. Currency markets are closely watching the yen's weakness, which has prompted fears of intervention. Additionally, unexpected jumps in inflation in Australia and Canada have added to market nerves ahead of the upcoming data release from the Federal Reserve. [cc8060f7]

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