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China PM's remarks deflate most Asian markets

HONG KONG: Asian markets mostly fell on Thursday after Chinese Premier Li Keqiang said the world's second-largest economy was, in some ways, worse off now than during the early days of the coronavirus pandemic.

Li's comments dealt a blow to confidence from the start and overshadowed a positive lead from Wall Street, which was fueled by the release of minutes indicating a less hawkish stand from the Federal Reserve (Fed).

DROPPING DIGITS A woman wearing a face mask walks near a bank’s electronic board showing Hang Seng Index figures in Hong Kong on Thursday, May 26, 2022. AP PHOTO