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International Business Times
International Business Times
Business
AFP News

Asian Stocks Track US Gains In 'Santa Claus Rally'

United States US Federal Reserve the US Federal Reserve Louis Navellier Apple Interest Rates
Holiday gains on the New York Stock Exchange helped drive an uptick in Asian stocks Wednesday (Credit: AFP)

Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March.

Markets in Japan, Australia and Hong Kong all rose, with bourses in the latter two reopening after the Christmas trading break.

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