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Asia stocks falter, NZ $ stumbles as RBNZ signals hikes over

Summary by Ground News
The New Zealand dollar tumbled after the central bank flagged that its tightening cycle is over. Japan's Nikkei sank 1.1 per cent, extending its retreat from a post-bubble-era peak to a second day. Crude gained, though, as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.

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Channel News Asia broke the news in Singapore on Wednesday, May 24, 2023.
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