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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares gain after Fed chair signals slower rate hikes

Jerome Powell Asia Inflation US Federal Reserve Economy United States
Copyright 2022 The Associated Press. All rights reserved

Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.

Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more on vaccinations also helped drive buying of shares across the region.

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