Asia stocks surge as Fed hike bets fade: can the rally survive 5% yields Asian market opened the we...
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Asia stocks surge as Fed hike bets fade: can the rally survive 5% yields Asian market opened the week firmer on Monday as a sharp slowdown in US hiring pushed investors towards a Federal Reserve pause this month, giving rate-sensitive technology stocks room to rebound. Japan led the advance, with the Nikkei 225 jumping 2.5% above 70,000 to a three-month high, while Taiwan's Taiex gained about 2.6%.
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