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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Asian Stocks Mostly Up As China Enjoys Lunar New Year Bump

China Lunar New Year Stephen Innes

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

But Tokyo's key Nikkei index ended flat after a larger-than-expected rise in US wholesale prices on Friday dealt a blow to hopes of an early interest-rate cut by the Federal Reserve.

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