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The Independent UK
The Independent UK
National
Via AP news wire

Asian shares track Wall Street gains on cooling inflation

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

Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July.

Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday. U.S. futures edged higher, while oil prices slipped.

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