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Asian stocks fall amid rate and geopolitical concerns
Asian stocks declined today as investors awaited the Federal Reserve's decision on interest rate hikes, amid concerns over persistent inflation driven by rising oil prices and escalating geopolitical tensions, especially in the Middle East. South Korea's exports increased by 68.7% in August compared to the previous year. Meanwhile, the Japanese Nikkei index slightly fell by 0.2%, the Shanghai Composite remained stable, and the Hang Seng index dropped by 1.2%. Investors are closely watching the 66% probability of an interest rate hike by the US Federal Reserve in September, according to Fed Chair statements, while US labor market data are being awaited to gauge the economy's strength and how it might influence monetary policy.
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