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International Business Times
International Business Times
Business

Asian Stocks Rise On Trade Deal Hopes, Tokyo Hit By Tariff Warning

The dollar has come under pressure as speculation grows that the Federal Reserve will cut interest rates (Credit: AFP)

Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo's Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos.

The dollar also extended losses as investors grow increasingly confident the Federal Reserve will cut interest rates at least twice this year, with keen interest in US jobs data due this week.

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