Investing.com-- Most Asian stocks fell on Thursday, extending recent losses as signs of sticky U.S. inflation fueled uncertainty over future interest rate cuts, while investors held out for more stimulus measures in China.
Beijing is expected to outline more stimulus measures during two key political meetings in December. Analysts said China was also waiting to gauge the impact of a Trump presidency on the country before unlocking more stimulus.ASX 200 Bullock said that uncertainty over the U.S. economic outlook would keep the RBA cautious, while also flagging the risk of inflationary policies under Trump.showed growth in Australia’s job market cooled in October after six straight months of strong increases. A cooling labor market also dampens the inflation outlook.
Recent weakness in Indian stocks was spurred by concerns over high inflation, while foreign investors also largely exited local markets after strong gains earlier in the year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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