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International Business Times
International Business Times
Business
AFP News

Asian Markets Track Wall St Higher As Hong Kong Extends Rally

Hong Kong Asia Shanghai Economy
Shares in Shanghai are enjoying a much-needed surge after suffering a long-running sell-off fuelled by worries over the economy (Credit: AFP)

Hong Kong and Shanghai stocks extended their rally Wednesday on hopes for more Chinese measures in support of battered markets, while traders elsewhere in Asia tracked Wall Street advances fuelled by strong earnings.

Fresh comments from Federal Reserve officials that poured cold water on hopes for an early interest rate cut appeared to have little impact with investors resigned to the prospect of monetary policy remaining tight well into 2024.

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