Asian stocks today: Markets open on the higher end; Fed cut hopes outweigh trade war fears
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Asian stocks surged Wednesday, driven by Federal Reserve Chair Jerome Powell's hints of a potential interest rate cut this month. This optimism overshadowed renewed US-China trade tensions, with markets focusing on Powell's comments regarding the labor market and potential pauses in bond-holding reductions. Investors returned to a tech-fueled rally, despite mixed economic data and ongoing trade disputes. What's Your Reaction?
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