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European stocks dropped in early trading and Asian markets were mostly lower on Wednesday after U.S. stocks hit new record highs. Britain’s FTSE 100 fell 0.5% to 8,377.95 after the Office for National Statistics announced a stronger-than-expected inflation reading that dashed hopes for a rate cut in June. Inflation fell to 2.3% in April, down from 3.2% in March.
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Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs. U.S. futures and oil prices slipped. Tokyo’s Nikkei 225 fell 0.9% to 38,617.10 after Japan reported that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in…
HONG KONG--Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs.
Investors shouldn't worry about buying shares before the split but rather focus on the fundamentals.