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International Business Times
International Business Times
Business

Asian Markets Rally As Fed Cut Hopes Trump Trade War Fears

Federal Reserve boss Jerome Powell's remarks on the US labour market fuelled expectations for another interest rate cut this month (Credit: AFP)

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.

After a volatile couple of days characterised by a fresh flare-up in China-US tensions, investors took the opportunity to jump back into the market and resume a months-long, tech-fuelled rally.

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