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Business > Foreign Business
Asian markets rally on traders' mood
By Agence France-Presse
May 26, 2021 12:56 am

TOKYO: Easing inflation concerns helped push equities higher in Asia on Tuesday, tracking a healthy rally on Wall Street with traders taking heart from the global economic recovery outlook, while oil prices extended gains as Iran tempered optimism over its nuclear deal.

Bitcoin also held gains after another wild day, thanks to another supportive tweet from tycoon Elon Musk that offset fresh Chinese warnings of a crackdown on cryptocurrencies.

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