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International Business Times
International Business Times
World
AFP News

Asian Stocks Open Year's Last Trading Day Cautiously

United States US Federal Reserve Huawei
There was positive news in the Chinese tech sector on Friday, with Huawei saying it expected 2023 revenue to grow by nine percent, despite continuing US sanctions (Credit: AFP)

Asian stocks opened cautiously on Friday, largely continuing an end-of-year rally that has been boosted by investors' expectations of a US Federal Reserve rate cut as early as March.

Hong Kong and Tokyo opened the last trading session of the year marginally higher, with Japanese bourses clawing back some ground after losing steam to a strengthening yen a day earlier.

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