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2023

Asian markets rise after shrugging off US rate hike

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Hong Kong (AFP) May 4, 2023
Asian markets rose on Thursday, shrugging off the sour mood surrounding the Federal Reserve's announcement that it was raising interest rates yet again and likely keeping them high for the foreseeable future. All three major US indices declined along with the dollar after the Fed's hike, while recession worries drove US oil prices below $70 a barrel, where they remained on Thursday. But














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