Asian stocks ended broadly higher on Monday after key U.S. benchmark indexes finished July 2022 with the largest gains since 2020 on the back of better-than-expected earnings and easing concerns over the need for continued aggressive interest rate hikes by the U.S. Federal Reserve.
The dollar index fell and U.S. Treasury yields declined following some slightly less hawkish messaging from the Fed last week. Oil prices declined in Asian trading as weak Chinese factory activity data stoked demand concerns.
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