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Stock market today: Asia shares decline as investors await earnings, US elections and economic data

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Asian shares are mostly declining amid uncertainty ahead of the United States presidential election next week. Benchmarks fell in early Thursday trading in Tokyo, Sydney, Seoul and Shanghai, while rising moderately in Hong Kong.

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Computer chip companies have been some of the biggest winners of the artificial intelligence rush, but Advanced Micro Devices helped drag down stocks across the industry after reporting profit for the latest quarter that only matched analysts’ expectations. A slowing economy is no surprise after the Federal Reserve hiked interest rates sharply in hopes of braking enough on the economy to get inflation under control. The question is whether the Fed can help keep the economy out of a recession, now that it’s begun cutting interest rates to keep the job market humming.

 

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