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Markets

Asia stocks extend fall after US inflation jolts markets

Taiwan market slides 10% in a matter of days

A man looks at stock market monitors in Taipei. The market has fallen sharply this week.   © Reuters

TOKYO/TAIPEI -- Asian stock markets dropped further on Thursday morning, extending a run of losses as investors fret over rising global inflation.

A sharp jump in U.S. consumer prices fueled market concerns over inflation and a possible rise in interest rates. April's 4.2% year-on-year rise in the consumer price index was the sharpest since 2008.

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