Mr. Xi called for increased cooperation with Arab countries

Asian stocks and currencies fell on Thursday, after US markets fell after a weak bond auction prompted a bond sell-off.

Japan’s benchmark Topix stock index led the decline, down 0.8%, while the export-heavy Nikkei 225 index fell 1.7%.

The U.S. dollar index rose 0.5% against six other currencies as investors assessed the likelihood of the Federal Reserve keeping interest rates higher for longer.

Most Asian currencies weakened against the USD, with the Indonesian rupiah and Korean won depreciating the most, down 0.4% and 0.3%, respectively. The yen was steady in early trading at around 157.40 yen.

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