Asian Market Updates

Asian Shares Rally Amid China, Fed Optimism

Asian stocks rallied on Monday, as signs of a slowdown in U.S. wage growth stoked hopes of smaller Fed rate hikes and China reopened its borders for the first time in three years.

A weaker dollar lifted gold prices, while oil traded up nearly 2 percent in Asian trading on hopes for a demand recovery in China, the largest crude importer in the world.

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by RTTNews Staff Writer

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