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Asian markets up as US Fed indicates no rate hike

Sumary of Asian markets up as US Fed indicates no rate hike:

  • E-commerce group Rakuten rose 5%, while Toyota Motor and Fast Retailing, operator of casual clothing chain Uniqlo, gained over 2%…
  • Mitsubishi UFJ Financial Group shares rose as much as 4.5 % from the previous day’s close, while Sumitomo Mitsui Financial Group was up 4%…
  • Tencent Holdings climbed 3.4% in Hong Kong, Alibaba Group Holding surged 6% and is on course for its biggest rise in two months…
  • Shares in COVID-19 vaccine developer SK Bioscience, which made its market debut on Thursday, opened at double the IPO price of 65,000 won, then quickly jumped a further 30% to 169,000 won in early trade…
  • The Asian markets tracked Wall Street’s advance on Wednesday, with the Dow Jones Industrial Average closing above 33,000 points for the first time…….

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