BusinessPhoto: News18 BusinessAsian Markets Fall as US Inflation Data Hits AI Stocks
Asian markets opened lower on Thursday following a faster-than-expected rise in US consumer price inflation, raising expectations of Federal Reserve rate hikes. MSCI Asia-Pacific shares fell 1.2%, with South Korea's KOSPI dropping 5.6% and Japan's Nikkei 225 down 1.3%. US futures and Wall Street stocks also declined, led by technology and AI-related shares sensitive to higher borrowing costs.
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