Asia Stocks Decline Amid Profit Taking and Economic Concerns
TL;DR Summary
Asian stocks declined from record highs due to profit taking after recent tech rallies, amid weak US economic data and divergent Fed policy views, while the US dollar rose to a nine-month peak; markets remain cautious about future rate cuts and economic outlooks.
- Asia stocks tumble from record highs on profit taking; dollar gains Reuters
- Asian shares trade lower after AI darlings prop up Wall Street ABC News
- Japan stocks hit record highs after Trump-Xi truce; Nvidia drives South Korea rally CNBC
- Asia’s Tech Rally Runs Out Of Steam As Stocks Slip Finimize
- Asia-Pacific down amid economic prints breakingthenews.net
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