Investing.com-- Most Asian stocks fell on Wednesday, weighed by persistent concerns that sticky inflation will push major central banks into keeping interest rates high for longer.
But beyond tech, broader U.S. stocks were muted in anticipation of key inflation data due later this week. Federal Reserve officials also kept up their hawkish commentary on interest rates.The reading marked a second straight month of increased inflation, and drummed up concerns over a more hawkish Reserve Bank of Australia.
Bank of Japan member Adachi Seiji warned that excessive declines in the yen could attract policy tightening by the central bank, especially if it impacted inflation.
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