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The Independent UK
The Independent UK
National
Joe McDonald

Asian stocks rise after Wall St slides on rate hike fears

Wall Street Inflation US Federal Reserve
Copyright 2023 The Associated Press. All rights reserved

Asian stock markets rose Thursday following Wall Street's biggest one-day decline in two months after notes from a Federal Reserve meeting showed officials expect to keep U.S. interest rates high to fight stubborn inflation.

Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices gained.

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