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Global Markets: Asia stocks rise, dollar sags as Fed chair sets the stage for a rate cut
Written By Reuters
Published: | Updated:
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a US interest rate cut later this month.
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MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, while Japan`s Nikkei added 0.15 per cent. South Korea`s KOSPI climbed 0.7 per cent. Photo: Reuters
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