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International Business Times
International Business Times
Business

Asian Markets Rise On US Rate Cut Hopes

United States Jerome Powell Asia Donald Trump
Tokyo's stock market was one of several in Asia ticking upward Monday morning (Credit: AFP)

Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.

Investors weighing the prospects of a September cut had been closely eyeing the speech by Federal Reserve Chair Jerome Powell at an annual symposium in Jackson Hole, Wyoming.

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