Asian stocks slip as strong dollar reflects steady US economy, rate outlook

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Asian stocks slip as strong dollar reflects steady US economy, rate outlook - Business Standard

Quick Summary:

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent, with Japan's Nikkei down 0.

In commodities, oil prices rose in early trading, with Brent crude up 0.34 per cent at $77.31 per barrel, while US West Texas Intermediate (WTI) crude was 0.5 per cent higher at $74.63 a barrel.

The index rose 7 per cent in 2024 as investors expect US rates to stay higher for longer.