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May, 2, 2016

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Business > Asia > Asian Market
Asian markets rallied and the U.S. dollar extended losses Wednesday after Federal Reserve boss Janet Yellen struck a cautious note on the global economy that lessened the prospects of an interest rate rise any time soon.
 
Asian markets mostly retreated Tuesday as investors returned to trading floors after the long Easter break, with attention turning to a speech by U.S. Federal Reserve chief Janet Yellen later in the day.
 
The few Asian stock markets that were trading Friday mostly advanced, with shares in Tokyo and Shanghai up and Seoul stocks slightly lower. Financial markets in Europe, the United States and most of Asia were closed for the Good Friday holiday.
 
Tokyo stocks rose sharply on Tuesday, fueled by weakness in the yen, but broader Asian markets were subdued as last week's rally waned.
 
Chinese stocks surged Monday after authorities relaxed rules on borrowing to buy shares, but other Asian markets struggled as oil ticked lower on renewed fears of oversupply.
 
Asian investors traded cautiously Wednesday ahead of the Federal Reserve's latest policy meeting, hoping the U.S. central bank will provide some guidance on its plans for interest rates this year.
 
Markets across Asia rose Monday as investors focus on key central bank meetings, and after the new head of mainland China's new market regulator hinted at more action to support volatile mainland bourses.
 
An early rally across Asian stock markets petered out toward the end of trade Thursday as investors turn their attention to a European Central Bank policy meeting later in the day.
 
Asian markets mostly fell Tuesday, with investors cashing in after enjoying their best rally so far this year, as mainland China released data showing another hefty slump in exports.
 
Most Asian stocks began the week in buoyant mood Monday, cheering a strong pick-up in U.S. job creation while weighing mainland China's weekend decision to lower its growth target but expand spending.
 
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