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Asian stocks dip, bonds in focus after torrid September
SINGAPORE: Asian stocks were subdued on Thursday and global bonds remained under pressure after a brutal September as investors weighed a slower-than-expected rise in US inflation in August that lessens the probability of a rate hike later this month. Blockbuster earnings from AI chipmaker Micron failed to lift the frayed mood in Asia, while stalling peace talks between the US and Iran to end the seven-month-long war in the Middle East kept oil prices elevated to further subdue sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2%, with South Korea’s KOSPI easin...
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