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GLOBAL MARKETS-Asia shares alarmed by U.S. inflation scare, count on calm Fed

Cover picture for the articleSYDNEY, May 13 (Reuters) - Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening. "Higher inflation is a definite negative for equities, given the...