Asian Shares Extend Rally On Fed Rate Optimism

Asian stocks traded higher on Friday to extend gains from the previous session, as a hawkish interest-rate hold by the Federal Reserve coupled with weak U.S. economic data released overnight fueled hopes that the U.S. central bank is done with the most aggressive tightening cycle in four decades.

The dollar eased and Treasury yields fell after weeks of high levels ahead of the all-important U.S. jobs report due later in the day, with economists expecting a slowdown in hiring for October.

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by RTTNews Staff Writer

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