Asian markets mostly down as inflation concerns persist


HONG KONG (AFP): Asian markets mostly fell Monday (May 3) following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries.

With few catalysts to drive business, and Japan and China on holiday for most of the week, traders were easing back from their recent buying frenzy while there are also concerns the more than year-long rally may have gone a little too far.

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