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Asian Equities Fall, Gold Holds Below $4,000
Asian shares extend pullback as investors reassess stretched valuations.
MSCI’s Asia-Pacific Index fell 0.6%, marking its third drop in four sessions, as investors booked profits after the recent U.S. tech rally. Japan and Hong Kong led declines, while South Korea remained resilient. The U.S. dollar stayed firm near multi-month highs, gold slipped below $4,000/oz, and oil prices extended losses on softening demand expectations and geopolitical caution, reflecting a cautious regional mood ahead of key U.S. inflation data.