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Asian Shares Mostly Rise, Cheered by a US Rally and Easing Oil Prices
South Korea’s Kospi led regional gains as Brent crude fell 0.68% and the S&P 500 rose 1.1% in New York.
- Asian shares mostly rose in early Friday trading, with Japan's Nikkei gaining 0.8%, South Korea's Kospi jumping 2.1%, and Hong Kong's Hang Seng and Shanghai Composite each adding 0.8%.
- Wall Street reversed recent losses as Brent crude oil slid from nearly $110 a barrel earlier in the week and the Treasury yield fell to 4.93% from 5.01% late Wednesday, easing bond market pressure.
- Stocks jumped 1.1% in their second rise in the last nine days, while The Dow Jones Industrial Average added 0.6% and the Nasdaq climbed 1.7% following the Federal Reserve's recent interest rate announcement.
- Bank officials in Japan concluded a two-day monetary policy meeting on Friday to decide interest rates, while international benchmark Brent traded down 0.68% to $104.11 per barrel in Asian trading.
- Officials signaled they may raise the federal funds rate one more time this year as the Fed remains committed to reaching its 2% inflation target, though higher rates have previously undercut stock prices.
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19 Articles
19 Articles
The Asian stock exchanges closed mostly high this Friday, driven by a rally on Wall Street and by the fall in oil prices. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
·Rio de Janeiro, Brazil
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Asian shares mostly rise, cheered by a US rally and easing oil prices – WTOP News
TOKYO (AP) — Asian shares mostly rose in early Friday trading, getting a lift from a rally on Wall Street as well as declining oil prices. Japan’s benchmark Nikkei 225 gained 0.8% in early trading to 64,662.11, as the Bank of Japan ends a two-day monetary policy meeting to decide on interest rates. South Korea’s...
·Chevy Chase, United States
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Coverage Details
Total News Sources19
Leaning Left6Leaning Right3Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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