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Global stocks heading for correction

Most major indices to end year marginally higher, but Nikkei will outperform

A trader monitors developments on the floor of the New York Stock Exchange on Aug 15. (Photo: Reuters)

Global stock markets are heading for a correction in the coming months, though overall they should post marginal gains between now and the end of 2023, according to a majority of analysts polled by Reuters.

A bad year for stocks in 2022 carried into this year as global central banks battled inflation with interest rate rises that are now largely drawing to an end.

But while an unexpected surge in…

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