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View all search resultsAsian stocks were trying get into a festive mood on Wednesday, and managed small gains with even Japan's Nikkei lifting off a two-month low it hit following the Bank of Japan's surprise decision to loosen its tight leash on government bond yields.
Asian share markets were trading mostly in negative territory on Tuesday, as investors anticipated a somewhat rocky road for China's unwinding of COVID restrictions and the prospect that US interest rates will rise higher than expected in 2023.
Asia stocks fell for a second day in a row on Friday, and were headed for their worst week in two months, after a slew of central banks raised interest rates and warned there were more hikes to come next year.
Asian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023.
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