Asia stocks follow Wall St lower ahead of US inflation data
ABC News
Asian stock markets have followed Wall Street lower ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus
BEIJING -- Asian stock markets followed Wall Street lower Friday ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus.
Shanghai, Tokyo, Hong Kong and Sydney retreated.
Wall Street's benchmark S&P 500 index fell after three days of gains. More than three-quarters of companies in the index closed lower.
Traders were “potentially taking some risks off the table” while they wait for the November consumer price data, said Yeap Jun Rong of IG in a report.
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