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Asia stocks fall to two-week low as hopes fade for big Fed rate cut, tech stocks drag

WorldNews Tuesday, 9 July 2019 ()
Asia stocks fall to two-week low as hopes fade for big Fed rate cut, tech stocks dragMore By Hideyuki Sano and Noah Sin TOKYO/HONG KONG (Reuters) - Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc's overnight slump. Investors have rushed to scale back Fed rate cut expectations following unexpectedly strong gains in U.S. jobs for June, with U.S. stock markets falling for a second straight day. MSCI's broadest index of Asia-Pacific shares outside Japan dropped...
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