Asian Stocks Set to Slide on Rekindled Rate Fears: Markets Wrap

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Stocks in Asia are set to start May lower after renewed concerns that the Federal Reserve will keep interest rates higher for longer helped fuel a sell-off in US benchmarks and boosted bond yields and the dollar.

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Asian Stocks Set to Drop on Hawkish Fed Comments: Markets WrapAsian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer.
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