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Federal Reserve Chairman Powell stated that if appropriate, the Federal Reserve will not hesitate to raise interest rates. The three major US stock indices collectively closed lower, with the Nasdaq down 0.94%, ending its nine consecutive gains; The S&P 500 index fell 0.81%, ending eight consecutive gains; The Dow fell 0.65%. Popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling 2.03%.
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