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International Business Times
International Business Times
World
AFP News

Asian Markets Track Wall St To Extend Fed-fuelled Rally

Hong Kong's Hang Seng Index led the surge across Asian markets (Credit: AFP)

Asian markets built on the previous day's rally Friday as investors recalibrated their outlook for the new year after the Federal Reserve indicated it will cut interest rates.

The bank's more-dovish-than-expected pivot at this week's policy meeting has set up equities for a Santa rally, with a string of data suggesting inflation in the world's top economy was being tamed while avoiding recession.

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