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Asian stocks following U.S. markets higher as interest-rate fear turns to hope

Summary by Ground News
Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices retreated. Wall Street rose Wednesday for the first time in three days after the president of the Federal Reserve Bank of Atlanta expressed support for raising the Fed's benchmark lending rate to a range of 5% to 5.25%.

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CNBC broke the news in United States on Thursday, March 2, 2023.
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