Stocks rally sputters as growth fears resurface

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Asia's stockmarkets wobbled lower on Wednesday as reality bit on hopes for a soft economic landing in the United States, and investors curbed their enthusiasm about China's reopening.

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The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. Traders in Asia are intently weighing prospects for loosening in China's COVID-19 controls and what that means for the world's second-biggest economy and regional demand."This alone will start to make a difference to consumption figures if replicated across the country," said BNY Mellon strategist Geoff Yu."And there are very few precedents for what the country is looking to achieve ...

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