Asian Stocks Drop Amid Strong U.S. Economic Data and Uncertain Rate Cuts ...Middle East

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Asian Stocks Drop Amid Strong U.S. Economic Data and Uncertain Rate Cuts
Asian stocks fell on Friday as strong U.S. economic data bolstered the prospect of interest rates staying higher for longer and the Federal Reserve taking its time in cutting rates, keeping investors away from risky assets. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% and was on course for a 1.5% weekly decline, snapping its four-week winning streak. Japan's Nikkei fell 1%.

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