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Asia-Pacific Markets Fall as Wall Street Dives on Rate Hike Fears


The Dow fell 681 points, or 1.99% lower, to notch its single-worst session since January. The blue-chip index clinched its worst day since February on Tuesday. The S&P 500 lost 2.1%, its biggest one-day drop since February, while the tech-heavy Nasdaq Composite slid 2.6%.
The Labor Department reported that the prices American consumers pay for goods and services accelerated at their fastest pace since 2008 last month with the Consumer Price Index spiking 4.2% from a year ago.
Market reaction to the CPI numbers was swift . The fear for the equity market is the Fed lifting rates aggressively if there is some notion of the Fed being behind the curve as some like Summers have argued, Tapas Strickland of National Australia Bank wrote in a note on Thursday. He was referring to former U.S. Treasury Secretary Larry Summers. ....

United States , South Korea , National Australia Bank , Softbank Group , Labor Department , Major Asia Pacific , Wall Street , Nasdaq Composite , Consumer Price Index , Secretary Larry , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியா , தேசிய ஆஸ்திரேலியா வங்கி , சாப்ட் பேங்க் குழு , தொழிலாளர் துறை , முக்கிய ஆசியா பெஸிஃபிக் , சுவர் தெரு , நாஸ்டாக் கலப்பு , நுகர்வோர் ப்ரைஸ் குறியீட்டு , செயலாளர் லாரி ,