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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares up, extending Wall St gains as US wages slow

United States Asia US Federal Reserve Inflation Interest Rates
Copyright 2023 The Associated Press. All rights reserved

Shares have climbed in Asia following a rally on Wall Street, where investors bet that slow U.S. wage gains may augur a cooling of the inflation that has led the Federal Reserve to hike interest rates.

Gains in technology shares boosted benchmarks in South Korea, Hong Kong and Taiwan. Japan’s markets were closed for a holiday.

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