Rate cut expectations 'wound right back' over CPI data

The US market dipped 0.3% overnight, while Australian shares were down 0.9%, and falling further this morning. Fading rate cuts are behind both stories. With yesterday's Australian CPI at 3%, rate cut expectations this year are now down to 50%. Financial stocks are among the hardest hit. But Hong Kong technology stocks are rallying, hard.

Watchlist: Westpac, Washington H Soul Pattinson and Co, Alibaba

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