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The S&P 500 had been well in the green for most of Thursday but ended up clocking its biggest loss in nearly two months after Minneapolis Fed president Neel Kashkari's remarks. President Joe Biden on Thursday threatened to change Washington's policy towards Israel if it fails to protect aid workers and civilians in Gaza. There are several potentially market-moving events in Friday's regional calendar, including inflation data from the Philippines and Thailand, Australian trade, Japanese household consumption, and the Reserve Bank of India's policy meeting.

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