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Asian shares slip as stronger U.S. data tempers Fed rate-cut optimism
Asian stocks softened after upbeat U.
Asian markets eased on Friday after stronger than expected U.S. economic data tempered hopes that the Federal Reserve will move forward with early rate cuts. Treasury yields firmed as durable goods orders and labor indicators surprised on the upside. Investors in Japan, South Korea, and India turned cautious ahead of next week’s key inflation releases.