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Asian shares slip ahead of key U.S. inflation data

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Reuters

By Alun John HONG KONG (Reuters) – Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4% and Japan’s Nikkei shed 0.5%. Overnight the S&P 500 lost 0.72% and the Nasdaq Composite dropped 1.71%. S&P 500 futures rose 0.14% in Asian hours.[.N] Shares and risk-friendly currencies had performed well earlier in the week, with MSCI’s regional benchmark posting its best…

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