Asian Markets Retreat as Investors Temper Hopes for Early End to US Rate Hikes
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Asian stocks pulled back from recent highs as investors temper enthusiasm about prospects for an end to U.S. rate hikes
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Overnight the S&P 500 snapped a five-day winning streak while Nasdaq futures edged lower
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The dollar found support after declining sharply since last week's benign U.S. inflation data
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Interest rate futures see almost no chance of further Fed hikes and price in rate cuts beginning in 2024
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China's major state-owned banks have been buying the yuan to aid its recovery lately