Asian stocks fall for 2nd day after new Wall St record

Asian stock markets declined for a second day Tuesday as investors looked ahead to U.S. employment data for indications of possible inflation pressures. Overnight, Wall Street's benchmark S&P 500 index rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures.

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