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US and world stocks fell for a second day, with investor sentiment pressured by elevated bond yields and caution ahead of US inflation data. The US 30-year yield rose to 5.62%, its highest since 2002, while oil prices fell.
China on Tuesday cut the rate on a key central-bank lending facility and announced interest subsidies on new commercial mortgages for eligible first-time homebuyers, its latest effort to support a slowing economy.The move comes after the cabinet pledged to step up counter-cyclical policy support to…