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The Nexus
BUSINESSJun 4 · 03:23 UTCWPLG LOCAL 10 MIAMIBy ELAINE KURTENBACH, Associated Press

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Asian shares declined following a halt in the S&P 500's nine-day winning streak, while oil prices dropped amid renewed fighting threatening a U.S.-Iran ceasefire. Key indices like Japan's Nikkei and South Korea's Kospi fell significantly, and U.S. stocks including the Dow and Nasdaq also declined. Rising bond yields and economic pressures from higher inflation further impacted markets.

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Mentioned
Nikkei 225organizationS&P 500organizationSoftBank GrouporganizationShin-Etsu ChemicalorganizationHang SengorganizationShanghai CompositeorganizationKospiorganizationS&P/ASX 200organizationDow Jones Industrial AverageorganizationNasdaq CompositeorganizationPalo Alto Networksorganization10-year TreasurytopicRussell 2000organizationGameStoporganizationU.S.-Iran ceasefiretopicStrait of Hormuzplace
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