NEWS: Asian markets retreat as China pledges fail to spark excitement

Asian markets retreat as China pledges fail to spark excitement

Chinese leaders have pledged to boost consumption and provide support for the troubled property sector.
Photo: STR / AFP
Source: AFP

Asian markets fell Friday as China’s latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.

A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation.

Hong Kong and Shanghai…

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