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Asia Stocks to Fall as US Shares, Treasuries Drop: Markets Wrap

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fell after heavy selling in US stocks and long-dated Treasuries as investors digested data showing a hot US labor market that will keep pressure on the Federal Reserve to maintain restrictive policy.

Contracts for benchmarks in Japan, Australia and Hong Kong fell. The S&P 500 declined 1.4%, its worst day since April, stemming a recent rally partly driven by investor demand for artificial intelligence stocks.

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