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International Business Times
International Business Times
Business

Most Asian Markets Rise On US Rate Hopes, Tokyo Hits Record

Tokyo's Nikkei hit a fresh record high on Tuesday (Credit: AFP)

Asian markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold also hit a fresh peak.

Last month's big miss on US jobs creation raised concerns about the strength of the world's top economy, but it has stoked bets that the central bank will loosen monetary policy, even as inflation remains stubbornly above its target.

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