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Al Jazeera
Al Jazeera
Business

Asian stocks higher after US Fed signals more rate hikes

Asian stock markets gained Thursday after the Federal Reserve said higher US interest rates might be needed to cool inflation [File: Kim Kyung-Hoon/Reuters]

Asian stock markets gained Thursday after the US Federal Reserve said higher interest rates might be needed to cool inflation.

Shanghai, Tokyo and Sydney advanced, and Hong Kong declined, while oil prices fell more than $1 per barrel to stay below $100.

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