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The Independent UK
The Independent UK
National
Yuri Kageyama

Asian shares rise on Fed rate hopes despite China worries

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

Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China.

Trading was relatively muted in Asia ahead of U.S. markets being closed for Thanksgiving. Benchmarks rose in Japan, Australia and South Korea. They rose in Hong Kong but fell in Shanghai. Oil prices fell.

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