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Asian Stocks Rally on US-China Optimism and Chip Rally

1 min read
Source: Yahoo Finance
TL;DR

Asian stocks rose as President Joe Biden expressed optimism for improved US-China relations, with Hong Kong's Hang Seng Index leading gains. Meanwhile, US and European equity futures were steady as investors awaited progress on debt-limit talks. Traders are also focused on the path for the Fed's benchmark rate, with bets for a hike in June trimmed to 25% as Jerome Powell signaled a pause. Cryptocurrencies saw mixed movement, with Bitcoin falling slightly while Ether remained stable.

Topics:top-newsfinance#asian-stocks#cryptocurrency#debt-limit-talks#fed-rate#finance#us-china-relations
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  1. Asian Stocks Rise Amid Optimism for US-China Thaw: Markets Wrap  Yahoo Finance
  2. Stock Market Today: Dow, S&P Live Updates for May 22  Bloomberg
  3. Markets edgy as US debt ceiling talks near crunch time  Reuters
  4. Chip rally drives Asian shares up, but US debt talks caution stays By Reuters  Investing.com
  5. Asia Stocks Gain Amid Optimism Over US-China Ties: Markets Wrap  Yahoo Finance UK

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