Market Update: Global Stocks React to Inflation Data and Tech Strength
TL;DR Summary
Asian stocks fell in response to a drop on Wall Street and hotter-than-expected US inflation data, with shares declining in South Korea, Japan, and Australia. Chinese equities in Hong Kong also retreated after the Lunar New Year holiday, and Japan's top currency official warned about rapid movements in the foreign-exchange market, stating that authorities are prepared to take action if necessary.
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