Asian markets sell off after US inflation fuels rate hike bets

🌐 Channel NewsAsia (Singapore) —
Asian markets sell off after US inflation fuels rate hike bets

AI Summary

Asian stock markets sold off after US inflation data strengthened expectations of interest-rate hikes. Seoul and Tokyo saw the steepest losses, with chipmakers among the hardest-hit stocks.

Seoul and Tokyo bore the brunt of the selling as traders bailed out of once-imperious chipmakers.

World Markets AI & Tech Asian markets US inflation interest rates Seoul Tokyo chipmakers

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