Wall Street

Asian stocks buoyed by Wall Street gains as easing oil cools inflation fears

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Reuters UK

By Kevin Buckland and Sam Byford TOKYO (Reuters) – Stocks gained in Asia on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for U.S. rate hikes, and the potential for a recession. Japan’s Nikkei rallied 1.04%, while Australia’s benchmark jumped 1.69%. Chinese blue chips rose 0.54% and Hong Kon…

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