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US stock futures fall 3 pct as inflation fright grips markets

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TOKYO - US stock futures extended Wall Street's overnight misery, tumbling 3.0 percent in Asia on Tuesday as investors feared rising US inflation could lift interest rates at a faster pace and spoil the rosy earnings growth outlook.

 

S&P500 mini futures dropped as much as 3 percent to 2,529, their lowest level since early October.

 

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