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Business Maverick: Asia stocks track Wall Street lower on Fed outlook: markets wrap

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Asian equities fell on Wednesday after the S&P 500 tumbled by the most in two months and Treasury yields rose sharply as investors priced in higher interest rates.

the Bank of Japan’s threshold for a second day as traders prepared to hear from the new central bank governor nominee.

The dollar inched lower after an overnight rally against G10 currencies. Purchasing managers’ index readings for services and manufacturing that came in stronger than expected underpinned gains in Treasury yields and the currency.

 

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